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FTSE pullback likely to be short lived
The FTSE has been weakening overnight, with price marginally falling below the 76.4% retracement this morning. Given the uptrend in play and the fact price has not broken below 6893, a bullish outlook remains in play.
As such, we would need to see a closed hourly candle below 6893 to negate this bullish short-term view. This pullback appears to provide a good opportunity to get long at an advantageous price set within a clearly defined uptrend.