Long FTSE to 7000

37 1 0
Update: Price target hit. Position Closed.

Keeping it simple.

Trend line analysis.
- ST: Purple Trendline holding
- MT: Pink Trendlines still valid

*Note LT             Resistance at orange lines. A break above these lines will see an attempt at Higher Highs.

Ichimoku .
- Nice thick cloud support.

Conclusions: Stay long. Aim for 7000 mark. If Purple is broken, we may see a retest of Pink.

Price target of 7045 hit. Position closed.

Lets wait to see how the FTSE plays out.
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