The Ibex as you can see fell during the session on Tuesday, testing the bottom of the hammer from the Monday session. With this, the market looks as if
The Ibex as you can see fell during the session on Tuesday, testing the bottom of the hammer from the Monday session. With this, the market looks as if there is support below though, so we believe that a bounce is coming. We will wait to see if we get a supportive candle or at least a bounce in order to start going long. However, we anticipate that the consolidation is going to continue on for the next several sessions and therefore we are not looking for large positions or long-term positions at this point.
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.
