The FTSE 100 Index remains very much range bound. As the chart below shows, is been ranging from 4518 to 4295 since early May.The big question is which way is she gonna go?? If I knew the answer, I wouldn't be blogging about it, I'd be trading it!
However here's a trading plan.
Place two trades.
1 Sell Stop @ 4,250 &
1 But Stop @ 4,550
Link the trades using an OCO (One trade Cancels the Other)
If the short trade fires
Stop = 4,550
Target = 4,048
If the long trade fires
Stop = 4,250
Target = 4,653
(Note: Long trade does not give a great Risk/Reward ratio.
