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FTSE100 Trading Signal: Potential Move to 8082.5134

Technical indicators show that FTSE100 has recently broken through a key support line, having touched this line multiple times in the last 5 days. This breakout suggests a potential move to 8082.5134 within the next 9 hours.

Trading Strategy:

  • Wait for confirmation of the breakout before entering a trade
  • Consider using a stop-loss to manage risk
  • Monitor price action and volume for further confirmation

Technical Indicators Used:

  • Support and resistance levels
  • Price action analysis
  • Volume analysis

Correlated Assets:

FTSE100 may correlate with other stock indices such as S&P 500, NASDAQ, and DAX. Traders should monitor these assets for potential confirmation of the breakout.

Economic Calendar Events:

Traders should also keep an eye on upcoming economic calendar events that may affect FTSE100, such as GDP releases, interest rate decisions, and employment reports.

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