uk100 daily overview of key s/r levels buy/hold trade
708
🔸Hello traders, today let's update the 2daily chart for UK100. We are currently testing weak s/r level near 7300, however I expect the level to break soon and more downside.
🔸Price was rejected off the highs recently and correction in progress now expecting more losses until we bottom out near 6900, which is a great level to buy/hold for the bulls. expecting a re-test of mirror s/r level at 7650 points, so this makes this a decent setup on buy side (10% upside)
🔸recommended strategy bulls: wait for correction to complete near 6900, do not buy/hold right now, since current s/r level won't hold (weak s/r level) and more losses incoming. get ready to buy/hold low near 6900 points targeting mirror s/r level at 7650. 10% upside, low risk entry on buy side. good luck traders!
🎁Please hit the like button and 🎁Leave a comment to support our team!
RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.