The FTSE went back and forth during the day on Monday, essentially forming a very neutral candle. With this, we believe that there is a significant amount
The FTSE went back and forth during the day on Monday, essentially forming a very neutral candle. With this, we believe that there is a significant amount of pushback as the last couple of candles before the Monday session looked very bearish. With this, the market looks as if the buyers are coming back into play, and that of course should continue to show strength over the longer term. With the CPI numbers coming out of Great Britain today, there is a good chance that we could have quite a bit of momentum. A break above the top of the range for the session on Monday is reason enough to start buying the FTSE yet again.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
