Signal_Centre

FTSE 100 - Can it clear the cluster of resistance?

Short
FX:UK100   FTSE 100 Index
We look to Sell at 7445

Bespoke resistance is located at 7445
Positive overnight flows lead to an expectation of a firm open this morning
We have a 61.8% Fibonacci pullback level of 7432 from 7729 to 7003
Although the anticipated move lower is corrective, it does offer ample risk/reward today
Expect trading to remain mixed and volatile

Stop: 7485
Target 1: 7275
Target 2: 7205

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