FxWirePro
Long

FTSE 100 faces strong support around 5940, good to buy on dips

FX:UK100   FTSE 100 index of UK listed shares
80 1 6
Major resistance – 6030 (trend line joining 6129 and 6054)

Major support – 5940 (200 day 4 HMA)

FTSE             has retreated 5977 after making a high of 6066. It is currently trading around 6015.

Short term trend is still bullish as long as support 5940 holds. Overall bullish invalidation below 5880.

On the higher side any break above 6030 will take the pair to next level till 6066/6125.

It is good to buy around 6000-6010 with SL around 5940 for the TP of 6065/6128

SamiKetonen
9 months ago
So is the idea open 2 positions with different targets but same SL?

Thx!
Reply
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