Cabana Capitals Blog Technical Analysis Confirmed breakout on FTSE 100 1 hour chart

Confirmed breakout on FTSE 100 1 hour chart

Confirmed breakout on FTSE 100 1 hour chart post thumbnail image

FTSE 100 has broken through 7920.1001 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, FTSE 100 may be heading towards 7814.1899 within the next 2 days.

Supported by Downward sloping Moving Average

Target: 7814.1899 Entry: 7887 Stop: 7980.337

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