Retest forming on the FTSE

It would appear that a retest of the S+D zone appears to be forming on the FTSE. I am currently maintaining positions @ 7300 as it is possible this may continue along the this short term ascending channel. If there is a break of this channel I expect to see a retest of the S+D zone below @ 7210 - 7260.

This all seems to coincide with the latest COVID fears across Europe and the possibility of restrictions. The FTSE is still significantly undervalued and I feel this is a significantly good entry point to continue back to break the recent high of 7400.

Trade Safe!