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.
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.
