The FTSE as you can see initially fell during the course of the week, but found enough support at the 6225 level to turn things back around and form a
The FTSE as you can see initially fell during the course of the week, but found enough support at the 6225 level to turn things back around and form a positive candle. We did in fact break the top of the hammer from the previous week, so we believe that the FTSE will continue to grind higher given enough time. We like buying the FTSE, but we recognize that it’s probably going to be a very volatile move higher, as there is a lot of noise above. Nonetheless, we don’t see any opportunities for selling.
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.
