Watching the UK100 for a potential short entry.
A head and shoulders pattern appears to be forming on the 1-hour chart. All my entry variables are currently met, but I’m holding off for now.
The UK100 will close in the next hour or two, and I prefer not to open a large position overnight due to potential slippage from market gaps. I’ll wait until tomorrow to see if my conditions are still valid before entering.
Trade Details:
📊 Risk/Reward: 3.5
🎯 Entry: 9 174.7
🛑 Stop Loss: 9 204.9
💰 Take Profit 1 (50%): 9 090.8
💰 Take Profit 2 (50%): 9 042.2
#GTradingMethod Tip: Always consider market timing and overnight risk when entering trades.
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Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
A head and shoulders pattern appears to be forming on the 1-hour chart. All my entry variables are currently met, but I’m holding off for now.
The UK100 will close in the next hour or two, and I prefer not to open a large position overnight due to potential slippage from market gaps. I’ll wait until tomorrow to see if my conditions are still valid before entering.
Trade Details:
📊 Risk/Reward: 3.5
🎯 Entry: 9 174.7
🛑 Stop Loss: 9 204.9
💰 Take Profit 1 (50%): 9 090.8
💰 Take Profit 2 (50%): 9 042.2
#GTradingMethod Tip: Always consider market timing and overnight risk when entering trades.
Thanks for checking out my post! Make sure to follow me to catch the next update. If you found this helpful, give it a like 👍 and share your thoughts 💬 — I’d love to hear what you think!
Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
Trade active
Short opened at 9188. Got a better entry than expected. Waiting until to day paid off. Stop loss placed at 9213.Trade closed manually
Sl not reached but not happy with price structure, I have closed the trade with a small loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.