I am looking at a potential bullish set up for the FTSE100.
Technically there is a nice key price level at this zone around 6000. The lower 1hr timeframe shows price bouncing off an intraday support level and if the upper bearish trendline is broken then we could see some movement to the upside.
There is also a lot of fiscal stimulus coming from the UK...
The Parliament's decision to hold early elections on December 12 has relieved the pressure on the pound. The pair price is rising towards 1.8800. If the price persists there, it will get out of the triangle and aim for 1.8850, roughly corresponding to the 23.6 Fibonacci retracement level.