uk100 daily overview of key s/r levels buy/hold trade
708
🔸Hello traders, today let's update the 2daily chart for UK100. We are currently testing weak s/r level near 7300, however I expect the level to break soon and more downside.
🔸Price was rejected off the highs recently and correction in progress now expecting more losses until we bottom out near 6900, which is a great level to buy/hold for the bulls. expecting a re-test of mirror s/r level at 7650 points, so this makes this a decent setup on buy side (10% upside)
🔸recommended strategy bulls: wait for correction to complete near 6900, do not buy/hold right now, since current s/r level won't hold (weak s/r level) and more losses incoming. get ready to buy/hold low near 6900 points targeting mirror s/r level at 7650. 10% upside, low risk entry on buy side. good luck traders!
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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.