Going into this morning’s session I was wary that the FTSE had fallen strongly over the course of last week and was due a significant pullback. Additionally it was still trading within the downward sloping trend channel on the hourly. The plan of action was similar to yesterday in that I was looking to short any retracements to key levels.

Just shorted the FTSE 100 at 5964 (with a standard 20 pip stop loss) off a classic MACD divergence pattern, coupled with a previous support / resistance level.