FTSE 100 - Extending higher from the bullish flag pattern

2 ביולי 2019

UK100, UK100GBP, UKX

Trade Idea

Prices are extending higher from the bullish flag/pennant formation.
Positive overnight flows lead to an expectation of a firm open this morning.
Bespoke support is located at 7460.
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
Preferred trade is to buy on dips.

We look to Buy at 7460
Stop: 7430
Target 1: 7560
Target 2: 7600