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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
