TCG24

Cautious FTSE long

Long
TCG24 Updated   
FX:UK100   FTSE 100 Index
com
Comment:
Almost a shooting star on daily, but no close below prev day high. So reversal candle not quite formed. Meaning demand at prev high of day

We've broken out of a down trend and made structure break above trendline. I'd be looking for cautious longs if it can hold above 10's and make new high above 44s. However 64 looks like a nasty level for a bull trap.

Invalidation on return to and hold under 5984-980s as significant supply has been provided here previously

More positive news of furlough or rona support would be a good kicker for a move to the topside or I'm not really convinced of bullish moves and would return to looking for a major break to the downside (coinciding with sliding gbp)
Comment:
More or less has to send from open for there to be any interest for me, also poss bounce from retest of trend but not likely as would then be under 10s structure
Comment:
more shitty rona headlines could give a gap down on open, most likely I'm not taking anything here
Comment:
sfp under 82 would be nice though, as that SH is sitting for the picking
Order cancelled:
no pos taken
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