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Trading Strategy: Momentum indicators still pointing to the upside for the FTSE 100

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Trading Strategy, Tim Young, Daytrader at Ayondo, offers the outlook for the FTSE 100, noting that momentum signals remain in favour of further upside on the index. FTSE 100: Hourly Chart Young maintains his bullish view on the FTSE 100, and suggests maintaining a stop loss at 6350, looking for a 100 point gain. On the risk-reward ratio, Young says how this is more of a game of psychology, as the level would vary from person to person. FTSE 100: Weekly chart Young takes a look at

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