FTSE rallies to daily open: Bearish scenario remain more plausible

Orlando Gutierrez Learn 2 Trade

The FTSE rallied in early European trade from a key level (5780) to retest yesterday's Futures open around the 5848 level. The structure / bias remains bearish in the short to mid term with uncertainties on a Brexit deal.

Should this level hold we could see the FTSE dip again to daily lows again around the 5780 level. The bullish scenario remains uncertain with price heavy below the 5900 zone.

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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