Cabana Capitals Blog Technical Analysis Big movement possible on FTSE 100

Big movement possible on FTSE 100

Big movement possible on FTSE 100 post thumbnail image

The breakout of FTSE 100 through the 8267.0996 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, FTSE 100 could test 8184.7300 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Supported by Downward sloping Moving Average

Target: 8184.73 Entry: 8225.2 Stop: 8367.357

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