TradingView
Elliot_Myers
Aug 27, 2016 4:12 PM

UK100 Long Set Up Long

FTSE 100 index of UK listed sharesFXCM

Description

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.
More