Trade idea.
After an unsuccessful move lower, the index is now trying to make its way higher again. But before we could examine higher areas, we need a clear break of the 7380 barrier first. This way FTSE100 would confirm a forthcoming higher high, which might attract more buyers.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
After an unsuccessful move lower, the index is now trying to make its way higher again. But before we could examine higher areas, we need a clear break of the 7380 barrier first. This way FTSE100 would confirm a forthcoming higher high, which might attract more buyers.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Note
Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on YouTube.Trader’s Espresso – 06:00 GMT
Trader’s Tea Time – 13:15 GMT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.