UK100 index has been moving in an up trend for many weeks!
Please see below rationale for the long position:
1) Long term price is to the upside - Daily & Weekly Charts 2) Price bounced back into 200 EMA (4hr chart) - Red line 3) Near term price action prompts upside - Black line drawn (still indicative rather than a conclusive trend line)
This will be a hold for more than a couple of days, therefore size accordingly. Risk management rules!
Hope this contributed to your idea generation and pip hunting activities!