FTSE UK100 - Short - new position (see related)

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Hi all

After shorting it on the initial down move, after the retrace, it has hit support and made an engulfing bearish candle on the 4 hour.

I now do expect it to head lower again, in turn gold to go higher and Yen pairs to go lower.

It is cycling lower nicely and an I think indices could be in trouble over the net few week.

Thanks for looking.

Duncanforex.com coming soon
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Hi all, I have entered a second position short at 7346.10
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Hi all
Trades are still live and going well
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Hi All
Trade is still live, stops are at entry point - will be looking to move them lower once this new swing high is printed at 7250 area.
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addtional entries at 7214 taken short and 7050 area is looking good for some take profit
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Stops moved to 7240 area with Yen strength decreasing, I think this will retrace up
Candlestick AnalysisduncanforexEconomic CyclesForexFTSErelatedshortSupport and ResistancetradetradingUK100 CFD

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