Daily Alert – Tues 17 Dec: GBP and FTSE250 reversals begin

Mark NugentDaily Alert, Dec 2019

Daily Alert – Tues 17 Dec: GBP and FTSE250 reversals begin

As predicted in the Trading Plan, the GBP began it’s reversal yesterday and the FTSE is now dropping today. This is aided, if that’s the right word, by misses on UK Services and Manufacturing PMIs yesterday and, this morning, the Average Earnings Index.

The GBPUSD gave us a beautiful bearish pin bar as an entry signal so I hope you are making some money on that. The FTSE250 has around 3 times ATR to go if it drops to it’s pre-election level.

I didn’t mention this in the video but the FTSE100 and the AUS200 have made unusually large gains and are worth watching for reversals.

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