FTSE bouncing off the upside support

FTSE has tested 6.8000 

 

FTSE is bouncing off the 6.800 upside support. We are seeing a bounce of 6.8000 for a swing higher to 7.400-7600 upside extension zone again. A break above 7.000 will mark the end of this swing lower to a long-term range low and would confirm near-term swing higher into mentioned upside resistance zone has begun.

Note: look for the long trades with the stop loss below 6.8500

 

 

 

 

 

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