As expected the FTSE is trading lower within the ascending channel. I am looking for a further entry around the 4h200 ema. Omicron fears are the fundamental precipitant alongside the slow down for christmas.
I will be looking for a close below the 4h200 on this candle and will then await a retest of the MA or any MA on the 1 hour time frame below the white line. I expect this to occur within the next 24 hours and I will be looking to take profit around the 7050 area. Expect consolidation around 7010-7020 due to the major daily MAs coming in to play.
Trade Safe
I will be looking for a close below the 4h200 on this candle and will then await a retest of the MA or any MA on the 1 hour time frame below the white line. I expect this to occur within the next 24 hours and I will be looking to take profit around the 7050 area. Expect consolidation around 7010-7020 due to the major daily MAs coming in to play.
Trade Safe
