FTSE pulls back into support zone, bullish trend remains strongAn interesting setup may have formed on the FTSE 100 daily chart. It has seen a strong rally from its October low and since produced a relatively shallow pullback from the 7600 resistance zone. The RSI (2) was oversold on Thursday and curled higher on Friday, which closed the day with a Spinning Top Doji candle to suggest a swing ow has formed. Furthermore, the 50-day EMA and monthly pivot point are supporting the pullback, so we’re now looking for a bullish swing trade and for the market to move higher.
Take note of the plethora of UK data released shortly, and the UK are set to release employment data tomorrow, inflation data on Wednesday and the BOE announce their monetary policy decision on Thursday.
Ftse100
UK100 FTSE Technical Analysis and Trade IdeaTaking a look at the UK100 FTSE at the moment. In the video we look at key support and resistance levels, the trend, and discuss a possible trade opportunity. As always everything, explained in the video, and not to be construed as financial advice.
UK100GBP LongThe index has retested the upper trend line of the falling flag, after the breakout.
I anticipate that the index will continue with the bullish momentum since the client sentiment indicate that there are more than 70% of the traders are bearish, a major indication that the price might move reversal of that.
My entry point is 7570, my targets are 7650, 7700, and 7810.
My Stop loss is at 7490, which is below a major market zone. My target R:R is 1:3.
Kindly, risk on 1-2% of your account.
$FTSE - Where to next? Longer term.$FTSE - Where to next? Longer term.
Here's a look of what could happen with the ftse going forward.
Technical view:
Got a stocks and share ISA? Take advantage of the great price points. As we are getting towards end of the year adjusting portfolio and to seek out further long term positioning. One specific instrument I have been looking at is the FTSE - Any pull back towards 700-630 - I will be buying the dip! The same principle goes for various other indices as well. FTSE - Inverse H&S if we break below 620 - this idea is no longer valid. I will be taking into considerations fundamentals as well.
Not Signal Provider or Investment Advice
FTSE broken out of downside target 7.890Reverse Cup and Handle has formed on the FTSE100
7 >21 >200 - Bullish
Target 7,890
Also we have the medium term downtrend broken up for the first time and so bullish momentum is kicking in.
FTSE 100 LongHello guys.
According to the higher timeframe of this index (1D), the trend is forming a falling flag, which might be a strong indicator of a bullish momentum.
According to the lower timeframe(1H), there is a formation of a falling flag, which has been completed and the index has broken out of the trend forming a bear trap. I anticipate that the price might reverse and a bullish momentum might start.
Also, the market client sentiment indicate that most traders are shorting the index(80%) and we are aware that the price moves against the crowd.
My entry position is at 7440, TP targets at 7490, 7540 and 7590. My stop loss is at 7390. My R:R target is 1:3.
Remember, risk only 1-2% of your account and when the first target is hit, move your SL above the entry point!
Buying UK100 at previous resistance.UK100 - 10h expiry- We look to Buy at 7201 (stop at 7139)
Previous support located at 7250.
Previous resistance located at 7300.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7300 will confirm the bullish momentum.
Our profit targets will be 7349 and 7399
Resistance: 7300 / 7350 / 7400
Support: 7250 / 7200 / 7150
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
still at sell option aviable who can waiti tried at 1 hour time frame for sell option but dxy movement changed the option but weve still same sell opportunity aviable who can wait,as you can see like a last week market just doing nothing until fed or infilation announcment which is not reral factor to move market just give us a more volatilty thats all the end of the day market still going to where to plan.
have safe and profitiable trade guys
any question please comment down the below
FTSE in a short lived up move?Right now the FTSE is in a sideways consolidation range since early this year.
On the larger side it's forming somewhat a Descending Triangle with lower highs and same lows.
On the short side, it's formed a W Formation with short lived upside coming.
This is a great range bounded setup and for those who are short term traders, there are buying opportunities with stocks in the interim.
BIAS: Sideways - Short term bullish medium term bearish.
$FTSE (UK100) Is Targeting All Time High As Bullish TargetTraders and Investors, FTSE is one of the best resilient indices which had one of the lowest impacts in last few months as compared to bearish US indies. Now last couple of weeks it has been making its move upwards which can set its trajectory to retest the previous high one more time. This can happen if the trend line and that FIB level is cleared.
This is looking increasingly bullish now.
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Shifting value areasA picture tells a thousand words.
Let's learn to read the picture.
Price is seeking value and creates a pattern.
Small value areas form within a bigger value area.
Trading opportunities arise at the outer edges of the bigger value areas
target at the control line.
The trend will change if the price starts making HH, HL, LL, LH.
It will then start to form a new bigger value area and control line.
The sooner we can see this new value area the sooner we can trade
along with the money that moves the market price.
FTSE 100 - Which opportunity?The FTSE 100 is currently in a very interesting pattern initiated in May 2018. Since this date, regularly, new tops have been formed (4 in total this year from February), combined with an uptrend initiated in March 2020.
It is a long term pattern clearly visible in the Daily, Weekly and Monthly charts. RSI and MACD also confirm the all recent moves.
Recently, in the second half of September, the index broke the uptrend from above accompanied by stronger volume in what is a strong sell signal, with an potential to go as low as 4,300 points.
However, after quickly losing 500 points, the FTSE 100 is now back on the rise and this is where it becomes interesting.
Two scenarios are therefore possible:
1. the Index will test again the uptrend line around 7,300 / 7,400 points before confirming the downtrend.
2. the Index will carry on upward and finally break the resistance at 7,600 and aim for new a historical high, with a potential view to hit 10,000
The next few days will decide
SHORT THE UK FTSE 100 The UK100 has been range bound since BREXIT, with some price action discipline a great long term profitable trade we've enjoyed for over a year. The orderflow has been perfect when matched with price action queue's when to enter the trade and exit the trade.
But recent uncertainty in the UK economy (thanks to excessive borrowing and reduced taxation promises) and a strong DXY has increased the volatility to the downside and we're expecting further breakouts towards the previous 6,000 lows with some excellent risk return ratio's.
Buying UK100 at market.UK100 - 10h expiry - We look to Buy at 6965 (stop at 6905)
Previous support located at 7000.
Previous resistance located at 7050.
Further upside is expected although we prefer to set longs at our bespoke support levels at 6965, resulting in improved risk/reward.
A move through 7050 will confirm the bullish momentum.
Our profit targets will be 7115 and 7125
Resistance: 7050 / 7100 / 7125
Support: 7000 / 6965 / 6925
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FTSE 100 Stock Index trading near top end of the price channelSqueezed
UK retail sales fell hard in September, higher cost of living hitting the pockets of consumers
UK recent economic data highlights
The drop in UK retail sales indicates that consumer spending slowed in September; actual -1.4% vs -0.3% forecast
Highlights little signs UK household spending to pick up soon as higher prices push consumers to become more careful about spending
FTSE 100 Stock Index trading near top end of the downward price channel
UK100 Index: current price remains vulnerable towards the downside, although price has traded slightly stronger since touching the 52-week low at 6,713 last week momentum indicators seem to suggest further price weakness ahead for the index
Scenario
(a) Price fails to consolidate above it’s 10-day very short term moving average around (6,900) which exposes a re-test of last weeks low near 6,713, and if the 52-week low fails to hold a further extension lower towards 6,400 (2.618% lower extension from the August highs - September lows)
(b) Price breaks out of the downward price channel (chart 1) and makes a move toward the upper 7,180 resistance
FTSE100 next down drop thanks LIZ!FTSE - 100
Symmetrical Triangle
Price broken down and showing momentum picking up
RSI is below 50 and is making lower highs - BEARISH
BEARISH target 6,256
FTSE approaches Yearly Low Watching FTSE 100 as it approaches the yearly low @ 6760. The market has been slightly more resilient than its counter parts due to the decentralised nature of the companies that make up the index, however breaking the low would be a significant moment and could spell further downside.
There are levels to watch below this but we need to reference the Covid drop and recovery so I would anticipate a large flush down on a level break before we stabilise.
Short UK stocks until the red line support is met.Every time the short term support line is broken the FTSE100 index has always reverted down to the red long term support trendline.
Therefore, it is sensible to assume that this will be the case again. A buy target of 5000-5500 is reasonable, however if the index drops below 5000, all bets are off.
Joe Gun2Head Trade - Will the major support at 6822 hold?Trade Idea: Selling FTSE100
Reasoning: Intraday Bullish Flag on CADCHF
Entry Level: 6853
Take Profit Level: 6700
Stop Loss: 6928
Risk/Reward: 2.04:1
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