FTSE is testing an important technical level

FTSE is testing previously broken trendline

 

FTSE is reaching a previously broken trendline 7435 level. This is a confluence of the resistance important for a medium-term direction. A break below 7500 is required for the upside continuation. A confirmed break below 7350 will lead to a downside reversal.

Note: look for the short trade entries with the stop loss above 7450.

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FTSE is at the key reversal point

 

 

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