SageFXTrading

FTSE / UK100 Potential Rally.

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OANDA:UK100GBP   UK 100
The FTSE has passed its historical key resistance in October of 2016. On both the weekly and monthly chart it shows a clear uptrend. My reasoning is very straight forward here, wait for it to reach the confluence of S/R and the 38.2% Fib and initiate a long position.
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Watch for upcoming BREXIT news shortly after UK market opens.
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