Cabana Capitals Blog Technical Analysis FTSE 100 approaching resistance of a Channel Up

FTSE 100 approaching resistance of a Channel Up

FTSE 100 approaching resistance of a Channel Up post thumbnail image

An emerging Channel Up has been detected on FTSE 100 on the 1 hour chart. There is a possible move towards 8309.1674 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Supported by Upward sloping Moving Average

Target: 8309.1674 Entry: 8231.7 Stop: 8167.7

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