Just shorted the FTSE with a small 50pips stop
chart: zoomed-out view of the hourly chart. Any guesses as to where my targets are?
chart: zoomed-out view of the hourly chart. Any guesses as to where my targets are?
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DislikedTightened stops to just 25 pips now. I am basically betting on yet another failure to break the week's high's so far (which are v close to the week's opening price and about where I took the short) , and thus for the price to give up and dive lower, until it eventually reaches the bottom of the multi-day ascending channel I have posted here recently. If price reaches the bottom of that channel, I will looking to reverse and get long there, expecting price to move up and overshoot the channel top. So I do not see a double top between April 2015 and...Ignored