Europe: UK ITV sell profit

[Tony Beckwith]

Hi everyone trading UK stocks

Yesterday, one of our customers showed me this sell he has taken on UK FTSE100 stock ITV which was automatically found by the MTPredictor End-of-Day Scanner - thank you Andrew!

An automatic TS1 sell set-up; price at Typical resisitance; red sell bar; red STF supporting downtrend; above +2x potential risk/reward.

Result: +3.1x profit at yesterday's close, still open.

Training lesson: once again, keep it simple and make sure everything fits.

Thanks

Tony.

[Tony Beckwith]

UPDATE

An excellent +5.4x profit at London close yesterday, with the trailing stop protecting on a bounce...approximately +4.8x profit if using the 1st profit target for partial/full exit.

Thanks

Training lesson: patience is a virtue!

Tony.