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Trading strategy: FTSE 100 consolidating, look for a break above 6400

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s trading strategy, Tim Young, Daytrader for Ayondo, offers the technical outlook for the FTSE 100, and further notes the importance of using different timeframes. FTSE intraday chart Young notes that the FTSE finally broke out of its range previously, but dropped back down. Looking at the 4 hour charts, he says that the index went into oversold territory and is heading up now. FTSE: Weekly chart The weekly charts suggest that the index remains stuck in a range. Looking at the

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