Hello all
DuncanForex here with a follow up on my trade idea that I've been watching since Feb 2020 - with no advertising about anything so the post will stay active.
With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to the 61.8 Fib retrace.
The Bullish move that occurred last month pushed the price into the middle of the 61.8% and 78.6% zone, after the bearish moves this past week and the "High" now printed, the CD move will be completed and the FTSE will ultimately go down to 3650
I had shorted the market as per my related ideas below, and i now have new entrys that you can see in the picture. (if you zoom in) - and also on other posts
I do expect this to drop fast - with EU issues and Covid vaccines driving it lower.
It will close on a bearish Pin Bar on the Weekly chart today.
In turn, I do expect GBP to get stronger and stronger - so don't short any GBP XXX pairs.
Stay safe and safe trading
Duncan
DuncanForex here with a follow up on my trade idea that I've been watching since Feb 2020 - with no advertising about anything so the post will stay active.
With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to the 61.8 Fib retrace.
The Bullish move that occurred last month pushed the price into the middle of the 61.8% and 78.6% zone, after the bearish moves this past week and the "High" now printed, the CD move will be completed and the FTSE will ultimately go down to 3650
I had shorted the market as per my related ideas below, and i now have new entrys that you can see in the picture. (if you zoom in) - and also on other posts
I do expect this to drop fast - with EU issues and Covid vaccines driving it lower.
It will close on a bearish Pin Bar on the Weekly chart today.
In turn, I do expect GBP to get stronger and stronger - so don't short any GBP XXX pairs.
Stay safe and safe trading
Duncan
