The FTSE rose slightly during the course of the day on Tuesday, but remains mired in consolidation nearly 6400 level. Because of this, we need to see a
The FTSE rose slightly during the course of the day on Tuesday, but remains mired in consolidation nearly 6400 level. Because of this, we need to see a break above the shooting star from the Monday session at 6450 in order to start buying yet again. We would not be surprise at all if that happens, and quite frankly it’s what we expect. However, we do not have the signal to start buying yet, so obviously we will not risk our money doing so. Selling isn’t even a thought at this moment as we see so much support below at the 6300 handle.
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.
