UK100 – BUY – 10th August 2021

UK100 – BUY – 10th August 2021 (Closed)

Good morning team,

 

Equities still remain in favour of the bulls as we await the next US senate infrastructure spending bill. Economic data points continue to improve around the world including unemployment which is positive for equities. We do feel the US market is looking very high therefore we are taking a look at the UK index as this is lagging behind the rest of the market. UK data points are improving faster than other parts of the world. The market is still trending higher.

UK100 4 Hour Chart

Trade Setup: BUY market execution, current price 7125 (Focus markets price), stop loss 7065 and take profit target 7395. 

Stop loss: 60 pips

Take profit: 370 pips

Focus markets:

1 contract = 10 GBP per pip

0.5 contract = 5 GBP per pip

0.4 contract = 4 GBP per pip

0.01 contract = 1 GBP per pip

 

Trade Setup
BUY - Market Execution

Entry
7125

Take Profit
7395

Stop Loss
7065