We have a change to get a Symmetrical triangle, the trend is showing bearish on the 5,15 and 30 min EMA(5,10,50,100),. There is a real good chance to hit the target 1, as the UK economy is pulling away for the EU. The fundamentals indicates that the UK economy should get a bearish couple of days, with the high speculation of trades, what will happen to the UK economy will they do better or worse without the support of the european zone, only time will show, but trades will short this, because the UK should do worse, that economy fundamentals. All the trades agreements in the EU zone, that UK wont be a part of wont have a positive reflection on the economy and germany will do whatever in their power to make the UK economy doing worse.
İşlem kapandı: hedefe ulaştı
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We hit both target 1 and target 2, the support 7230 hold and we got a restracement
At the moment FTSE uses 38,2 at a support zone, so beware of a break and go short
the-celtic-trader
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@lydiksenr, well done good call...shame i didnt catch it been watching it since last week
lydiksenr
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@the-celtic-trader, Thanks mate, yes a shame, follow me :-) i see a clear support in 7230 and FTSE is testing it, if that breaks we can se another price break, on the other hand a restracement is possible if 7230 is supporting
the-celtic-trader
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@lydiksenr, do you see much of a retracement after the last downward move to your target 3 ..can you see a retest of the previous lower low of 6900-7000