taftrader

Path of Least Resistance ?

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We seem to have a good entry point for the FTSE 100. Price seems to have retraced up to the 5916-20 zone which has a lot of resistances including the Daily Tenkan,8H kijun and 4 SSB. So the path of least resistance is down. This is in line with our thesis of other indices.

Enrty: 5897
SL: 5922
TP: 5810
RR: 3.36

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