Short

UK100/FTSE100 False Channel Breakout

By kosai19
Had a false breakout of a channel and reversed at a support level. Now it's likely to test the highs. The new plan is to sell the high test with stops at around 7900 or slightly higher (will depend on the price action as it reaches there). The target is a return to the blue support level.
breakoutChart PatternsfootsieParallel ChannelsupportSupport and ResistanceTrend Analysis

Disclaimer