TriggerTrades
Long

FTSE Long-Term Long (Global Equities Turn-Around)

INDEX:FTSE   FTSE 100 Index
FTSE             Resistance

The FTSE             is currently in a very strong resistance zone .

It has touched this level 2 other times this year, we have seen several retracements on the FTSE             this year and this seems to be where it stops the downward pressure with resistance.

I have already enterered into the trade and have set a fair tight stop loss about 70 points away to ensure I dont get stopped out prematurely, and to confirm that it is in face break and closing below that level not just down on a spike.

I have set my first take profit about 130 pips away.

This should be a highly profitable trade and would recommend all to jump in.

I suspect this trade will be rising for the next few days and I will be looking for other opportunities to buy the dip in this position.
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