Trade Alert
FTSE 100 testing the short-term tentative upside support line, taken from the low of the 6th of December.
If the break eventually happens, this might open the door towards the 6720 obstacle, or even all the way back down to the current December low near the 6675 level.
Alternatively, if the upside line holds and the price bounces back above the 6807 hurdle and stays there, we could see some bull-action coming in and driving the index back up towards the recent highs.
Please see the chart for details.
Don't forget your SL.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with the Company.
FTSE 100 testing the short-term tentative upside support line, taken from the low of the 6th of December.
If the break eventually happens, this might open the door towards the 6720 obstacle, or even all the way back down to the current December low near the 6675 level.
Alternatively, if the upside line holds and the price bounces back above the 6807 hurdle and stays there, we could see some bull-action coming in and driving the index back up towards the recent highs.
Please see the chart for details.
Don't forget your SL.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with the Company.