FTSE
Long BPOversold, on lower trend line, building positive divergences, final drop to flush weak hands ? Long with stops below the lows, good risk/reward.
FTSE will now Crash to 3650 - the trade of the YearHello all
DuncanForex here with a follow up on my trade idea that I've been watching since Feb 2020 - with no advertising about anything so the post will stay active.
With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to the 61.8 Fib retrace.
The Bullish move that occurred last month pushed the price into the middle of the 61.8% and 78.6% zone, after the bearish moves this past week and the "High" now printed, the CD move will be completed and the FTSE will ultimately go down to 3650
I had shorted the market as per my related ideas below, and i now have new entrys that you can see in the picture. (if you zoom in) - and also on other posts
I do expect this to drop fast - with EU issues and Covid vaccines driving it lower.
It will close on a bearish Pin Bar on the Weekly chart today.
In turn, I do expect GBP to get stronger and stronger - so don't short any GBP XXX pairs.
Stay safe and safe trading
Duncan
UKX - expecting more upsideInto support - similar structure to H2 2020.
Expecting more upside
Best, HF
FTSE100Trade idea
Impulse move now corrected to the initial demand zone
IF unchanged / positive Economic data Look for potential Longs
19TH OF Feb (Multiple FTSE companies Earnings report ) A day to watch IF trade ongoing.
FTSE100 - UKX - WHERE TO NEXT?FTSE100 UKX - Range Bound - WHERE TO NEXT?
Technical View:
Resistance: 6782.5, 6823.0, 6900.5
Support: 6677.7, 6627.6, 6610.9, 6535.8 (200EMA)
Pattern: Multiple formation Bull Flag / Triangle Formation
How to approach this trade idea:
- Add alerts at key break out areas
- Wait for the break out and trade the pull back
- Check the key Fibs matching S&R Areas
- Don't forget to gain a good R/R
- Add limit orders to break out areas, bit more of risky approach as you don't want be part of fake break out!
Go with what you have written on your trade plan overall.
It's FRIDAY....! On a Friday - I take day trades, review my journal and get ready for the week ahead. It hasn't been bad week very choppy markets we are in range bound areas in most assets apart from Crypto's great momentum towards down side I always say in life and in the markets - What goes up, comes down eventually. Now it doesn't mean you're going to become profitable trader and come down - NO! What I mean is, your performance isn't going to be straight line there will be days up and down and let be honest with you - I don't always trade everyday because I know when I want to be part of the market, be disciplined! It does depends on way you mange your portfolio.
Have a great weekend.
Trade Journal
(Just a trade idea, not a recommendation)
FTSE testing at critical junstionBreak of the uptrend line was strong with a good impulsive candle. Now at critical support near 6600 level. 200SMA is also at support. An impulsive break lower could signal momentum to get us to 6500 target.
Risk-off this morning across the board. Some of it on news as China's surging COVID-19 cases trigger clampdowns.
Good Luck and Stay Healthy!
FTSE Has Completed RetraceThis has retraced as expected to previous resistance and 0.5 Fibonacci. I will be waiting to see how this develops before entering a long as this could drop further, watch for the EMA's to cross back over or come very close to. If the price does hold this level then a target TP can be 7031.
JPY is about to become a safehaven - With Stocks droppingHello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
With the Yen seen as a safe haven, this trade is to compliment my currently active short on the FTSE.
The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to the 61.8 Fib retrace.
Don't be fooled by this Bullish move that occurred this week, the price is right in the middle of the 61.8% and 78.6% zone, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will ultimately go down to 3500 area.
With the Yen now not making higher highs and in the 61.8% zone on a bearish Fibonacci move, i expect the Yen to gather pace once the Fed speaks.
Now the goal is to match the YEN against the weakest other currency, which could be the EUR.
Stay safe and safe trading
Duncan
FTSE testing important levelA falling channel on a 4-hour timeframe is soon to approach the support zone. A potential retest of the uptrend line and 200SMA make it a strong level.
Can trade the bounce here looking for reverse patterns on a smaller timeframe. A break lower is possible but requires significant selling pressure and some 'more' bad news regarding the pandemic.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
PREMIER OIL ANALYSISPremier Oil a UK oil contractor, doing well recently with OIL beginning to regain lost ground since covid. appears to have made a double bottom. technicals dont always work in your favour in Shares but its looking likely to my eye and as such has earnt a small percentage position in my stock portfolio.
FTSE to retraceI believe this will retrace to the previous highs between 0.5 and 0.618 of Fibonacci and find support at this level
FTSE and all Stocks - Don't BUY!!!! - They will plummetHello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to the 61.8 Fib retrace.
Don't be fooled by this Bullish move that occurred this week, the price is right in the middle of the 61.8% and 78.6% zone, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will ultimately go down to 3500 area.
Price is about to touch dynamic resistance shown by the blue diagonal line which shows the long term uptrend broken at the start of the year, price is now pulling back up to this zone to then head down again.
I had shorted the market as per my related ideas below, and i now have new entrys that you can see in the picture. (if you zoom in)
I do expect a bit of sideways movement, also some stop hunting, however my analysis for me suggests all stocks are going to plummet very soon. and this is my view for the next few years.
Stay safe and safe trading
Duncan
GBPJPY H1GBPJPY H1 - Bit of a consolidation break seen amongst GBP pairs this morning, yesterdays selloff influenced by the UK third national lockdown confirmation (selloff was seen ahead of the announcement), consolidation seen over the eastern, and bearish resumption seen as we catch EUR/LON volume during their opening hours. Currently on support here on GJ. Lower timeframe analysis here, look at maybe a retest of consolidation before breaking support.
FBMKLCI / FTSE Bursa Malaysia Prediction. Where it will head up.Prediction 1 year from december 2020 - end of 2021.
FTSE Long LimitFTSE looking to stabilise after consolidation from rates announcements.
Long limit set at Bolinger Basis
I am still bullish FTSE! It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility.
Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out for the FTSE it's a great buy at the areas of 5850! Let's hope they did listen to advice and if not - there's always chances in this beautiful market we've had this year! Let's hope to make plenty of pips for the end of this year and start the next year with great optimism within ourselves!
Let's get onto the technicals:
Pattern - Bullish Flag target area: 1.618
Resistance: 6860 & 7035
Support: 6140 & 6040
My target - 6800-7100 Areas!
One of the major investment banks did even announced UK assets are undervalued within options check out Rolls Royce has been a great trade to take as well!
Fundamentals to keep in mind: Brexit and what the indices has a large portion of companies energy based. Although, my target for Crude is 55 area.
All the best,
Trade Journal
Remember: Just a trade idea, not a recommendation
ALL STOCKS ARE ABOUT TO CRASHHello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE broke out of its downward consolidation long and is now progressing higher over the past few weeks to the 61.8 Fib retrace.
Don't be fooled by this Bullish move, once it reaches 6600 area, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will ultimately go to 3500 area.
You can see where i will be looking to short the market in the picture.
I do expect a bit of sideways movement, also some stop hunting, however my analysis for me suggests all stocks are going to plummet very soon.
Stay safe and safe trading
Duncan
