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Cautious FTSE long

Oleh TCG24
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Almost a shooting star on daily, but no close below prev day high. So reversal candle not quite formed. Meaning demand at prev high of day

We've broken out of a down trend and made structure break above trendline. I'd be looking for cautious longs if it can hold above 10's and make new high above 44s. However 64 looks like a nasty level for a bull trap.

Invalidation on return to and hold under 5984-980s as significant supply has been provided here previously

More positive news of furlough or rona support would be a good kicker for a move to the topside or I'm not really convinced of bullish moves and would return to looking for a major break to the downside (coinciding with sliding gbp)
Komentar
More or less has to send from open for there to be any interest for me, also poss bounce from retest of trend but not likely as would then be under 10s structure
Komentar
more shitty rona headlines could give a gap down on open, most likely I'm not taking anything here
Komentar
sfp under 82 would be nice though, as that SH is sitting for the picking
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