Elliot_Myers

UK100 Long Set Up

Long
FX:UK100   FTSE 100 Index
Price action is following structure. Both rallies up from the initial swing low have been equal in length. We're likely to see a re-test of previous highs which is in line with current structure.

Price is likely to reverse in the blue box from 6779 down to 6735.

Potential trade set up for a buy at 6735 is a 1.62% ratio trade with stops at 6599 and take profit at 6954.

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