Daniel Ang

Selling Opportunities in FTSE 100 - Sold @ 7807.00 Thu, Jan 19, 01:47am.

Chart UK100, H4, 2023.01.19 11:30 UTC, Tradeview, Ltd., MetaTrader 4, Real

UK equities bottomed out at 6704.90 last October 13. From December 20 low of 7294.30, this rally resumed and most likely peaked at 7876.40 this Tuesday, January 17. 

Since then, price actions in FTSE 100 does points to some kind of a top - at least in the near term.

If so, this scenario presents selling opportunities going forward for now.

TRADE IDEAS

Sold @ 7807.00 - Thu, Jan 19, 01:47am.

Stop @ 7880.00.

Target: TBA