FTSE made it to our next target of 6825/30 & topped exactly here as predicted. This trade worked perfectly as we dipped to 6810 for a 15 tick profit
Ftse September contract Daily Forecast - 28 August 2014FTSE made it to our next target of 6825/30 & topped exactly here as predicted. This trade worked perfectly as we dipped to 6810 for a 15 tick profit on a very quite day. Overbought conditions now may signal a high for the week at 6825/30 & if tested again today we could try shorts with stops above 6840. Go with a break higher however using 6830/25 as support & look for a move towards 6850/55.
If we hit profit taking as expected look for a move towards support at 6790/85. A bounce from here is expected & even a low for the day not out of the question. Exit shorts & try longs with stops below 6785. Go with a break lower then using 6790/85 as resistance & look a move towards good support at 6750/45, for a buying opportunity with stops below 6735.
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