27/6/16 Ftse 100 live. As you can see this morning we have had a run up from 6am to just above the 50% retracement of the sell off from the Brexit vote news.
I was late in this morning so missed the early trade. it’s 9.09am now and I’m just waiting on a signal to short this.
This is a 30 minute chart and off screen I also have a 4hour chart and a 10 minute chart. This is something we go through in the course, how important it is to make your analysis on more than one time frame.
I am looking to short this with obvious target off the 6000 level and then after that the daily direction line with the 4 hour trend line just underneath.
Here we are then we are short at 6091, let’s see what happens, we have a couple of emas in the way, we will see.
9.45 we are 30 points up we have a close on the 10 minute chart under a dominant candle so things look good so far.
Hi all back again at 10.20 and the candle has reversed and closed back over that dominant candle, so I have closed for 25 points. That’s a good start to the day, there may well be other trades later on this ftse 100 live , let’s see!