Gaining the FTSE as you can see tried to rally during the course of the day on Monday, but found the 6600 level to be far too resistive. With that, we
Gaining the FTSE as you can see tried to rally during the course of the day on Monday, but found the 6600 level to be far too resistive. With that, we pulled back slightly, but it appears that the area should offer quite a bit of support below, and as a result we are willing to buy supportive candles below, just as we would be willing to buy supportive candles, we are willing to buy breakouts above the 6600 level as it should have this market return to the top of the consolidation area near the 6900 level.
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.
