Signal_Centre
Short

FTSE - Limited upside

FX:UK100   FTSE 100 Index
Trade Idea

Prices are extending higher from the bullish flag/pennant formation.
We have a 61.8% Fibonacci pullback level of 7458 from 7020 to 7729.
Bespoke resistance is located at 7461.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.

We look to Sell at 7460
Stop: 7495
Target 1: 7375
Target 2: 7300
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