ftse (uk100) has been seeing strong resistance around the 7100 zone and being the levels for the bulish trend channel.
i believe a potential retest of the bottom of the channel prior to pushing up higher to increase momentum and possibly plot a new all time high for ftse seeing at least 7250-7300
i will potentially close the trade at the touch of the bottom of the bullish trend channel, but this level is a viewing point for further direction which can be confirmed by price action at the time of arrival to that zone.
i believe a potential retest of the bottom of the channel prior to pushing up higher to increase momentum and possibly plot a new all time high for ftse seeing at least 7250-7300
i will potentially close the trade at the touch of the bottom of the bullish trend channel, but this level is a viewing point for further direction which can be confirmed by price action at the time of arrival to that zone.