The FTSE fell hard during the course of the day on Wednesday, slicing through the 6300 level and heading towards the 6200 level. At this point in time, we
The FTSE fell hard during the course of the day on Wednesday, slicing through the 6300 level and heading towards the 6200 level. At this point in time, we think that the market will continue to fall and head towards 6000, so we are looking for short-term rallies in order to continue selling short-term charts and taking advantage of this obvious downtrend. Because of this, we don’t really have an interest in buying this market, as the sellers have certainly taken over and Great Britain. In fact, it is not until we get back above the 6400 level that we can see buying.
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.
