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FTSE100 Express Technical Take (Hourly Chart)

Odwa Magwentshu


Express trade on an hour chart

I am having a look at the FTSE 100 index and I notice that on the hourly chart, you will note that the price has gone above the resistance line at 7400 level and it has gone above the line.

Trade summary:

Long FTSE 100 index

Entry:   7400

Stop loss:   7380

Target profit: 7430

Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.

Until next time, I wish you profitable trading.

 All charts sourced: Bloomberg

Odwa Magwentshu | Trading Specialist at GT247.com

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