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FTSE - A Tale of Two Trend Lines

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE - a tale of two trend lines The FTSE has been one of the better performing indices in the latest run up but having broken key resistance at 6130-50 last week it failed to hold above this area. Monday will see two important trend lines come together around the 6115-20 area. One marks the lower highs from the past two weeks and the other is the steep up trend from the most recent lows. If we break below this area on Monday and hold then shorts will be favoured

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