The bears are back! 💥 1 and a half day consolidation pattern broken
Instrument: FTSE 100
Strategy: Day Trade
Price initially breaks resistance @
7,288 and forms an inverted hammer indicating a reversal. Price reaches consolidation support. Entry order below support with MACD Confirmation.
Time based exit: End of London trading hours ⏱ Lock in the day trades profits! 🔒
Risk to reward: 2R
Point Amount: 22.4
Entry Orders: An executioners double edged sword.
They are set on your current directional bias in that moment. If market conditions change, Reanalyse and Reposition 🏹 #FinessersFacts