Using my preferred tool called Sharepad, I’ve found a decent looking trade on the Franklin FTSE India UCITS ETF. It’s been on a long term upwards trend and has pulled back towards the 20 period EMA. I like the look of this since the probability of further rises look more likely than a further drop or pullback. Remember that trading is a probability game!
Ok, I’m in at 2611, with a stop at 2531 and no profit target. Sometimes I choose to not set a target and just let the trade run.
I’ll post regular updates as this trade progresses.
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