Monthly gap closed. Looking for long term buy opportunities.

The culmination of the geopolitical tension in europe have brought us back down to my target from my previous trade idea. I am now looking for long term buying opportunities around the level of the 20 year channel I have previously highlighted. Sentiment will have soured on european stocks but growth likely curtailed to what degree I am not sure but I the FTSE was undervalued prior to this pullback and it is even more undervalued now.

In the short term I do see this carrying lower whilst the invasion of ukraine plays out and will take my first buy opportunity around 7150 level (base of 20 year channel). I can not see any circumstance in which the FTSE breaks 7000 here with the exclusion of the continued invasion of a NATO state but would not be shocked if we tested this level.
Further buy opportunites availble at 7110 and 6980. Hedging will be undertaken obviously.

Trade Safe!