Following the world economic recovery, FTSE is now in a bullish cycle and here's our view for the upcoming days:
1.LONG: If the price retests the lower trendline and forms back a green bullish candle on the H4 timeframe, a Long position can entered there. And when the price reaches the green doted line, an additional Long position can be entered with more confidence since the price will be breaking a peak that was reached before.
2.SHORT: If the price breaks successfully the lower trendline with many bearish candles, then and only then a Short position can be entered.
1.LONG: If the price retests the lower trendline and forms back a green bullish candle on the H4 timeframe, a Long position can entered there. And when the price reaches the green doted line, an additional Long position can be entered with more confidence since the price will be breaking a peak that was reached before.
2.SHORT: If the price breaks successfully the lower trendline with many bearish candles, then and only then a Short position can be entered.