Get started

Ftse100

UK100 Pullback gives opportunity for long on 4hr chartUK100 index has been moving in an up trend for many weeks! Please see below rationale for the long position: 1) Long term price is to the upside - Daily & Weekly Charts 2) Price bounced back into 200 EMA (4hr chart) - Red line 3) Near term price action prompts upside - Black line drawn (still indicative rather than a conclusive trend line) This will be a hold for more than a couple of days, therefore size accordingly. Risk management rules! Hope this contributed to your idea generation and pip hunting activities! Keeping it simple! Looking at the bigger picture!
ULong
by Piphunter1887
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
TVC:UKXShort
by UnknownUnicorn483829
1
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)
U
by Trade_Journal