SELL FTSE100 Index Analysis on H1: 📉

FTSE100 Index Analysis on H1: 📉

EMA89 and Price Movement:

The price is currently moving below the EMA89, indicating a bearish momentum.
Price Pattern:

The market is forming lower highs and lower lows, suggesting a downtrend.
Sell Plan:

The plan is to initiate a Sell position in the range of 7730 - 7745.
Set the Stop Loss at 7770 to manage risk.
The Target is set at 7670.
Key Observations:

The identified range for selling aligns with the current downtrend pattern.
Risk management is essential; hence, the Stop Loss is placed to limit potential losses.
Important Note:

Stay vigilant for any price reactions and be prepared to adjust the strategy based on market dynamics.
Remember, trading involves risks, and it's crucial to have a well-defined risk management strategy. Best of luck with your trade! 📉💹 #FTSE100 #MarketAnalysis #TradingStrategy