FTSE 100 - 4th Bullish Close After Daily Pin Bar | Aug 13

ftse 100

FTSE 100 – Another Bullish Close & Continued Bullish Momentum
As we wrote about yesterday in the daily members commentary, the FTSE 100 had bounced off the rising support line forming a daily pin bar, and had shown consistent follow up momentum, suggesting the likely path was up. Today the UK index closed bullish for a 4th day in a row, and looks set to test the resistance around 6700 and daily 20 ema.

I actually wrote about taking long positions in early US trading (see below), and am what I’d call a ‘mild’ profit, so nothing to write home to mama about.

FTSE 100 FB Post of Live Trade

Note that none of the prior lows over the last …

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