On the FTSE chart, we can see that the instrument is rejected by the upper rising wedge line 7640 level. This rejection is opening a test of the wedge itself defined by the 7550 level. A daily close below this level is required for a downside continuation into the 7450 level.
Note: look for the short trade entries with the stop loss above the 7600 level.
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position risk free. We are publishing daily and weekly analysis and 5-10 trade alerts per week directly on your mobile device via Private twitter feed and Private Telegram group!
