The FTSE as you can see fell hard during the course of the day on Friday, as we continue to sell off in general. However, we are getting close to a fairly
The FTSE as you can see fell hard during the course of the day on Friday, as we continue to sell off in general. However, we are getting close to a fairly significant support level at the 6100 level, so quite frankly we are going to wait to see if we get a supportive candle that we can start buying based upon value. On the other hand, we get some type of rally that shows exhaustion, we would be sellers at that point in time as most certainly in a salsa candles should lead to a continuation of the selling.
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.
