VanSteenMarketResearch

FTSE short term flag pattern

Long
FX:UK100   FTSE 100 Index
Break of the 7720 level can get us in the trade.

Target area should be somewhere in the fib zone, difficulty with this setup is that the resistance is a quite wide zone as this is our target.

Setup is off the table when it breaks below 7690.
Comment:
Critical situation now.
Comment:
Trade fails to break. No trigger to get in.

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