Trade Alert
FTSE 100 is trying to make a run for and break the 7710 resistance zone, in order to have an attempt to make its way higher. But before we can start examining the upside potential, first, we need to see a clear break and a close on a 4-hour chart above that resistance level. Further acceleration could bring the rate towards the 7795 area, which acted as resistance on the 14th of June.
If the 7710 levels continues to hold, then we could abandon this idea for now.
Don't forget your SL.
FTSE 100 is trying to make a run for and break the 7710 resistance zone, in order to have an attempt to make its way higher. But before we can start examining the upside potential, first, we need to see a clear break and a close on a 4-hour chart above that resistance level. Further acceleration could bring the rate towards the 7795 area, which acted as resistance on the 14th of June.
If the 7710 levels continues to hold, then we could abandon this idea for now.
Don't forget your SL.