Yesterday we tweeted a short opportunity on the FTSE 100 and it has hit that zone again today at 7103.
With resistance up to just above 7150 and our next entry zone, which is long at around 6700 (or below) this is the best reward/ risk ratio we are likely to get on the FTSE 100 for some time.
As always there is no guarantee this will be a successful move so you must manage your risks accordingly and if the move goes against us you must “walk away” and wait for the next low risk entry point.
Tell tale signs of this “going wrong” would be the FTSE 100 moving above this entry zone with ease and failing to respect the upper trend line at around 7150.
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