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$UKX Hourly - Backtesting channel break We are currently testing Friday's channel break. Good RR levels to go long for those who currently don't have a position. Nice gap at 6780 I would like to see filled, as well as the full target of the bull flag and inverse H&S of 6870. We have seen some month end selling during the previous few months which is something to keep an eye on and more reason to keep stops tighter. On the other hand, this month may be different given it is tax year end in the UK. Summary: Long with a tight stop
TVC:UKXLong
by gillyblore
FTSE100 - Triple bottom formedFollowing on from my previous idea, the FTSE has continued to show strength at this level of support. A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern. If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a steepeer slide. However, because the bad news has been absorbed, we can assume traders are bullish (for now). I think the only thing stopping the FTSE from moving up is the current fears around lockdown on the continent. Technically speaking, I like how the chart looks. Bulls seem to be defending the 6700 level well. Fundamentally, the fears over lockdowns worries me about this setup, but I'm still confident it will play out. See chart for entries and exits
OANDA:UK100GBPLong
by pasojov
FTSE100 - Fresh highs incomingThe FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window). Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the level). The next resistance is ~6838, so a break and restest of the 6800 is likely and will be the perfect high probability entry. An aggressive entry would be at open on Monday (I personally will probably take this based on the pinbar with a stop below the low). Target is the psychological level of 7000, which acted as a strong support throughout 2019. High prob: Entry = 6805 when retesting the level Stop = 6735 TP = 6800 R:R = 3 Aggressive: Entry = 6720 Stop = 6642 TP = 6800 R:R = 4 Happy trading:) follow for more of this kind of stuff!
OANDA:UK100GBPLong
by pasojov
Airtel Africa Resistance Broken - All Time High In SightAirtel Africa has been in an uptrend since May 20 and has been forming bull flags with a following period of consolidation. This has happened twice in the current uptrend with each upward thrust followed by consolidation which forms an ascending triangle pattern. Price has just broken out of the 83p resistance and has since moved higher. Look for a retest of the 83p and enter a position here, however there is a risk that this price won't be seen before the next rally (see previous bull flag patterns). Fundamentals on this company are also fantastic and they are currently yielding 5.3%, therefore offer a good long term investment. Disclaimer: I speculated the breakout and bought in at 75p.
LSE:AAFLong
by Doddle
UK100 H4: Market BUY now TP +350 points(SL/TP)(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates UK100 H4: Market BUY now TP +350 points(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: UK100 H4/candle chart review/outlook ::: speculative XABCD setup in progress ::: market BUY/HOLD TP +350 points ::: 5% upside in this market mid-term ::: sellers will come later from overhead ::: valid TP BULLS is 7050 ::: recommended strategy: BUY/HOLD TP +325 points ::: SL below recent lows ::: low risk setup / bounce very likely now ::: just buy/hold low and get paid ::: do not expect fast/miractle gains ::: swing trade setup requires patience ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment: BULLS ::: Sentiment outlook short-term: BULLS RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
ULong
by ProjectSyndicate
10
UK100- Expanded Flat patternIn the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed. By break down of the downtrend line in the 60-minute chart, hopefully, we can expect the continuation of the downtrend with 6150 targets.
U
by NirmataFX
FTSE and all Stocks - The second leg lower is about to startHello all I've been watching this since March 2020 where the first leg started to retrace - after having moved back up through the past 9 months and then consolidated the past 2 around the 61.8% to 78.6% fib retrace area I expect early next week for the Head and Shoulders to be fully printed and based on Fibonacci extension, I expect price for the FTSE to drop below 4000, potentially near 3600. Lets see what happens, however I wont be buying stocks for a long time. Trade safe Duncan
OANDA:UK100GBPShort
by UnknownUnicorn17023231