The FTSE behaved as expected for the early part of this afternoon as it slowly crept up and recovered this mornings fall in price. After 3:30 pm it was a different story as the market promptly declined and fell trough the lower trendline on the daily chart which I had mentioned in my previous post.

Unfortunately I got stopped out of this mornings trade (I was stopped out almost to the pip before the FTSE did a U-turn and headed back up), but managed to scalp back a few points with another long which I placed based on previous support and the MACD histogram indicating a potential change in momentum. I closed out after noticing a hanging man candlestick formation (highlighted in pink on the chart) as I wanted to clear the decks prior to the US session.