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.
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.
