FTSE - 4hr Timeframe - Short Opportunity

Following our weekly timeframe overview (tradingview.com/chart/UKX/qSKZq3ya-FTSE-Weekly-Timeframe-Overview-Short-Opportunities/), we are at the moment monitoring this index of listed shares for a short opportunity. On the 4hr timeframe, in fact, the index has had a first impulsive movement to the downside, which is now being followed by a small correction. Should the correction complete in the way it should, to us this would mean a confirmation for further downside, in which case we will sell the break of the consolidation with a stop loss above it.

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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

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