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Ftse100

As requested, my idea about UK100!As @Traderwell requested, here’s my view about the UK100! Short-term, the 7072 is a support that must not be lost, otherwise, we might just lose the 7k again. The breakpoint is 7118, as if UK100 breaks this point, then it’ll aim higher levels. The danger lurking the index is the head and shoulders, a bearish pattern that has a neckline at the 7072, and the only way to avoid this scenario is by breaking the 7118. This will make UK100 seek the next target at 7217, and cancel this bearish idea for good. I would like to see the BBs to get tighter in the 4h chart before anything else, tho. For now, let’s focus on the 7072, as this is the most important line for us here. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
TVC:UKX
by UnknownUnicorn21312077
10
FTSE100 make its 3 out of 3 😍👌I've said it before and I'll say it again win rate doesn't mean shit. But, here we have a nice win rate coupled with a nice risk to reward of 1:2 for this strategy. Alert is set ready to share the next trade should I be online - so ensure you're following. All trade entry details are shown on the chart. We are only ever looking for TP3 on this strategy the green lines are the TP target. As always the trade history can be seen below this trade idea too for full transparency. This chart pattern and sequence of trades also ties in nice with one my previous educational posts comparing systematic trading v subjective trading. There is no subjectivity with the idea being posted here. Just a proven back tested plan followed to the letter. Here's the previous educational post mentioned- ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
U
by pow_removetheguesswork
Bulls need to defend 7125The FTSE100 nearly managed the 7225 resistance level yesterday before selling off and then the Fed drove markets down lower later in the day to a low of 7131 overnight. The bulls have fought back a bit though and we are at 7150 as I write this. The S&P managed to get back above 4200 as well and now needs to defend the 4190-4180 level. If it does so then a rise towards the 2h resistance at 4245-50 may well play out today, though we may well see a stutter here. Initially on the FTSE 100 I am thinking that we get another dip down to the Fed driven low and also the key fib level at 7125 and at that point the bulls will need to step up. We also have the bottom of the 10 day Raff channel at 7118. A break of that will likely start to see that slide down to the next daily support at 7040 and below S3 for today which is at 7067. If the bulls do defend the 7125 level and we start to see a bounce then I am expecting a rise towards, initially, the daily pivot at 7177. Above that then R1 at 7206, and we also then have the 7225 level back on the radar. That ties in with the key fib level for today at 7221 as well and a rise to this would all fit pretty well. Cable has moved below the 140 level again and continues to slide which would help the FTSE 100 to push up a bit (lots of FTSE100 companies earn in USD so that helps their revenue). That said, the 7193 level is the Hull moving average on the 2h chart and therefore that's the next hurdle after the pivot and before R1 at 7206. The Raff channels remain heading up and the S&P500 is defending the bottom of the 10 day Raff currently at 4200. Bear in mind that we are getting closer to the seasonal bearish period towards the end of June as well and after the rises this year we may well start to see more profit taking ahead of the summer. Good luck today and lets see if the bulls can defend again.
TVC:UKXLong
by hilsdentrading
A rise towards 7225 todayToday's big event is the Fed later and we may well continue to tread water this morning ahead of that at 1900 this evening. Interestingly, with the S&P dropping off the 4265 resistance level yesterday and never regaining that level the 2h chart has gone bearish with 4256 resistance - if we get a rise to that during today ahead of the Fed then we may well see some bears appear here. Also a bit more profit taking ahead of the Fed as well. That would tally with a rise on the FTSE 100 to the 7223 resistance level on the daily chart, along with the key fib also at this level. I quite like a short at this level. Rise and dip may well play out today. Below that level then we have R1 at 7195 and R2 at 7211. R3 is at 7232 so not too far above that daily level and we also have the top of the 10 day Raff channel at 7232 as well. As such, this upper resistance area certainly looks like it should get a reaction. Above here though and the 7246 level is the top of the 20 day Raff and the next daily level is 7260 above that. I dont think we will get that high today but if we did then a short here is worth a go. For the bears they will need to break below the daily pivot support at 7174 to start with. The futures have held up well overnight and as such the bulls remain in control (just!) for the moment. Below the 7174 level then 7146 is the next decent support where we have the 200ema and just below the 2h coral as well, with 7129 below this for the key fib level. 7137 is also the R2 level, and just above that key fib so I would like to see this defended if it were to be tested. Looking at the daily chart both the Raff channels are firmly heading up (and also the same on the Dax and S&P) so we may well see a bit more upside for the moment but we are getting closer to the seasonal bearish period at the back end of June and a dip down into July may well play out soon. So cautiously bullish for the moment! I imagine we will start to see some risk off kicking in soon - maybe next week. A lot of todays action will depend on the Fed today and positioning for that. A rise and dip (buy the rumour sell the news) would certainly fit fairly well.
TVC:UKXLong
by hilsdentrading
1
FTSE 100 index nears resistance area (254 RealStrength points)FTSE 100 index approaching stubborn resistance level 7120.00, which has been reversing the price over the last few trading sessions. Selected Alpha ranks the strength of the resistance zone near this resistance level at 254 RealStrength points – due to the intersecting upper daily Bollinger Band. Expect intraday downward correction from resistance level 7120.00. Next resistance level stands at 7166.00 (monthly high from May).
UShort
by SelectedAlpha