Yesterdays decline towards the floor of the moving day average 200 (5600) went according to plan and the buying opportunity came in.
We've had the bounce but it would be unwise to think the FTSE cannot fall further towards its weekly support at 5530. The index is currently negative from a short term technical perspective and will not turn positive until we have an end of day close above 5870.
The service is currently long on the one touch binary (5760) and I will look to turn this trade risk free this morning if possible by taking half profits.
0 comments:
Post a Comment