
FTSE: From risk management perspective, the setup is acceptable but not ideal.
Specific Entry Point Analysis: The momentum setup is developing but not fully confirmed.
The price is above the 50-day, 150-day, and 200-day MAs, and within striking distance of the 52-week high.
However, the 50-day MA is still below the 150-day, and the 150-day below the 200-day, indicating a bearish structure and macro weakness.
A stop can be defined at 10195.4.
The key is thinking in probabilities this trade has moderate odds but the outcome of any single trade is uncertain.
Trading against the prevailing trend adds uncertainty. Focus on proper position sizing to manage the inherent randomness.
What you all think ?