The FTSE broke higher during the course of the day on Wednesday, breaking above the shooting star from the Monday session which of course was the buying
The FTSE broke higher during the course of the day on Wednesday, breaking above the shooting star from the Monday session which of course was the buying opportunity we looked for. That being the case, we believe that this market should go to the 6600 level next. Any pullback between here and there should be a buying opportunity on a short-term chart, and we have absolutely no interest in selling as there is so much in the way of support below. In fact, we believe that the market should probably go as high as 6900 given enough time.
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.
