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FX.co ★ emmanuelle.lang | #FTSE Focus: Navigating the FTSE 100 Index in Forex!

#FTSE Focus: Navigating the FTSE 100 Index in Forex!

FTSE 100 Index / #FTSE , H4. Prospects and opportunities for the index in the upcoming trading week.

#FTSE Focus: Navigating the FTSE 100 Index in Forex!

By setting a Fibonacci grid on the growth wave, it is possible to assess the price completion level of the previous trading week. According to the grid, this is the 61.8% level, which was tested by the price multiple times, indicating a reliable level that managed to withstand bearish pressure. By paying attention to the mood of the non-linear regression channel and its trends, it is possible to make a conclusion about the future direction in terms of development. Considering this scenario, it is possible to find a pattern 1-2-3 completion on a smaller interval than this one, with a breakout to the bullish side, and aim for a completion in that direction at least towards the upper TMA trend channel. It is possible to take the entire profit or part of it there and be prepared (after a correction) for the continuation of the bullish scenario.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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