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Trading Strategy: FTSE 100 sees room for further gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Trading Strategy, we offer the technical outlook for FTSE 100, with Tim Young, Day Trader at Ayondo. FTSE 100: Weekly chart Young mentions how he normally trades using the short-term charts but uses the weekly chart for identifying the direction. He adds that momentum-wise, the equity index is set to see further upside gains. On an upside target, Young suggests running with the momentum indicators, looking at the stochastics to get over above the 80 level before a pullback is seen.

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