The FTSE as you can see broke higher during the course of the day on Friday, clearing the top of the hammer like candle from Thursday. That being the
The FTSE as you can see broke higher during the course of the day on Friday, clearing the top of the hammer like candle from Thursday. That being the case, we feel that the market could go higher from here, but we need to clear the 6400 level to feel confident about the positive momentum. That’s because the market would not only break above the next high, but would also break above the top of a massive hammer from the weekly chart as well. With that, we would be very bullish. On the other hand, we think pullbacks could be used as buying opportunities as well.
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.
