Trade: SELLING the FTSE 100
Entry: @ 6710
Target: 6600 (support within the uptrend)
Stop: 6755 (a move above yesterday’s resistance high at 6750)
Reason: A rally has run out of steam near term and a series of momentum sell signals suggest correction
Trading Update on previous trades:
I am currently running my EUR/USD short trade (26/11/2014). The trade is moving nicely since being filled at $1.2530 late Wednesday afternoon. I am subsequently currently 95 pips in profit. My target remains a test of the $1.2357 low (80 pips away). Move stop to entry at $1.2530.