UK100 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 7347.2483 may materialize within the next 7 hours.
Related Posts
An unexpected large move has occurred on US30 1 hour chart! Is this a sign of something new? What can we expect?
US30 has moved lower by 1.79% from 39863.0 to 39151.0 in the last 8 hours.
Interesting opportunity on FRA40 after breaking 8104.25
FRA40 has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen…
UK100 has broken out from the Triangle pattern. Expect it to hit 8419.2945 soon.
This trade setup on UK100 is formed by a period of consolidation; a period in which the price…