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⋅ Hello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move down during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE is going to hit circa 3200 and it starts today.
With the bearish pin bar currently being formed, this will create a very nice reversal pattern.
Both creating ultimately a CD move at around 3200
This isn't financial advice, however don't buy stocks, wait at least another 12 to 24 months and buy them when the FTSE is circa 3500
Stay safe and safe trading
Duncan
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⋅ Sadly a lot of people are going to lose a lot of money in the coming weeks
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⋅ Trade is playing out slowly, however it's only a matter of time.
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I think it's setting up to trigger next week - hold on to your hats everyone, its going to be a fast, bumpy ride.