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Ftse100

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
FTSE100 - UKX - Potential short! FTSE100 (UKX) - Technical View: Simple explanation today - Pattern wise: Came out of a larger triangle formation towards downside support areas. At this current moment of time - It is within the range of: Support: 6785 Resistance: 6830 Once broken out of the range below support levels which matches the 200 EMA as a great support area measuring the wedge range formed. If we break towards downside, I expect it to continue towards Fib Retracement area of: 1.618 which matches a nice support area as well as nice trend-line support too! The way you could play this trade: WAIT for it to break out of the smaller formation of the wedge formed and take the pull back trade to the next support areas or simply feeling more confident add a limit order! Remember: Follow your own trade plan and execute wisely. Have a prosperous day ahead, Trade Journal (Just a trade idea, not a recommendation)
U
by Trade_Journal
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
TVC:UKXShort
by UnknownUnicorn483829