Makeyourmoneywork4U Trade Idea
Pair: UK100
Position: BUY
Timeframe: DAILY
STOP LOSS: 5400
TAKE PROFIT: 7000
Reason for trade: I am watching this pair as may go a bit lower to around 5460 level to hit the 50% fib line before getting an entry and holding for the long term to around 7000 (161.8% fib line)
If it hits the 50% wait for a higher low retest to get the perfect entry, This is a long term trade so apply proper risk management
Pair: UK100
Position: BUY
Timeframe: DAILY
STOP LOSS: 5400
TAKE PROFIT: 7000
Reason for trade: I am watching this pair as may go a bit lower to around 5460 level to hit the 50% fib line before getting an entry and holding for the long term to around 7000 (161.8% fib line)
If it hits the 50% wait for a higher low retest to get the perfect entry, This is a long term trade so apply proper risk management