The FTSE fell significantly during the course of the sessions that made up this past week, driving down towards the 6100 level. That being the case, we
The FTSE fell significantly during the course of the sessions that made up this past week, driving down towards the 6100 level. That being the case, we believe that the FTSE will continue to test the lower areas in order to find support, and we recognize that of course to be 6000 level below is massively supportive as well. We will wait to see whether or not the market reacts to the 6000 level on the weekly chart in order to place our next long-term trade. We have no interest whatsoever in risking money on longer-term trades until we get the next candle.
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.
