My charts are messed up due to a rogue spike so I can’t show the full day on my 5 minute chart. Two more trades to report, both off the resistance level at 5982, the first which was closed break-even and the second which worked out well.

Overnight selling pressure on the FTSE. Still trading within the downward sloping channel on the hourly. Looking to short any pullbacks to key levels.

4 trades, a couple of winners, one scratch trade and one loser.

Good morning! My thoughts going into today’s session were as follows:

• Daily and hourly charts show downward sloping channels with the FTSE having bounced up off the bottom trendlines of both. The daily chart shows further potential upside, although I’m inclined to trade the channel off the hourly chart with the top of that channel around the 5960 level.
• On the 5 minute chart you’ll notice the market trending up overnight, retracing back to support during the pre-open session, and resuming upwards at the open. Will look to trade off any pullbacks to the 5900 level and see if the upward sloping trendline holds or not.