FTSE100: some upside potential?Might we see a similar price action (see the two blue arrows) - hinting to possible similar price action.
A price action above 7260 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend suppport above 7330, which is close to the 200-day simple moving average.
Concern is however that the 200-day might act as major resistance.
However, the target is set at 7560.
Stoploss at 7260.
Remains a risky trade.