FTSE 100 UK100 trade idea for 20/12/2023 BullishFTSE 100 UK100 trade idea for 20/12/2023
FTSE 100 is in upward channel on daily chart. It broke out of it 2 days ago but came down back inside the channel again.
Tomorrow 20th Dec a major catalyst CPI data is released an hour before the market open. This surely will bring major volatility which gives the traders a good opportunity to grab some points if traded on the correct side.
Key levels based on technical analysis for long trade:
Entry: Ideally a dip to 7626 or 7604
Targets: 7665,7685,7724,7746
Support: 7584,7545
Thanks for reading, feedback welcome.
Ftse100
UK 100 FTS100 Trade Swing trade IdeaFTSE 100 is showing bullish sign.
It is in an ascending channel upwards.
A crossover above the major down trend resistance line at 7583 might trigger a quick movement to 7675 and 7697 with an ultimate target of 7748.
Support at 7456 and 7403.
Any feedback is most welcome to improve my analysis. Many Thanks.
UK100: Thoughts and Analysis Today's focus: UK100
Pattern – LH decline
Support – 7375 - 7250
Resistance – 7466 - 7710
Hi, and thanks for checking out today's update. Today, we are looking at the UK100 on the daily chart.
Today's video asks if the UK100 will continue to move lower after setting up a few beach technical signs. What do you think about the reasons presented in today's video update? Are the lower highs after the trend break and failed rally yesterday a new momentum shift to sellers in the short term?
We continue to look at major index influences and watch today's UK GDP. If buyers are able to reverse today's selling and break the 7466 resistance, this will cancel out this sell idea.
Good trading.
Bearish continuation of spooz and nasdaqIm going to watch the price action when it hits my entry point on daily chart based on monthly PD arrays. I am anticipating the current weekly candle to close bearish initiating the sell move on Wednesday and Thursday most probably. Markets could go higher and definitely could take the resent daily swing high. But if it does that today or tomorrow on Tuesday then Wednesday will be a good time to look for the perfect selling opportunity around 10-11 AM or 02-03 PM ET. Look for price to break structure on at least H1 and H4 chart, once its done, wait for retracement and get into it. Only trade for study purpose on demo.
FTSE100 - Long Signal (Relief Rally)FTSE100 D1
Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R.
Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events, economic data and earning figures to come out, NFP, AE and UE figures Friday too.
FTSE Last drop before buying for the medium-term.The FTSE 100 Index (UK100) delivered a strong short-term buy signal last time we looked at it (see chart below):
The index has been since rejected twice on the Lower Highs trend-line of what is almost a year long Descending Triangle. We will wait for a test of the Support Zone, ideally when the 1D RSI tests its Higher Lows trend-line and buy for the medium-term. Our target is the 0.618 Fibonacci retracement level at 7535.
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UK100 Index Long Trading SignalUK100 Index Long Trading Opportunity
1. The price closed above the Trend Magic Indicator line. Strong long signal.
3. Vortex will cross and indicates strong uptrend signal.
4. Retail trader data shows 64% of traders are net-short. Strong contrarian long signal.
SL - below the Trend Magic Indicator line or Vortex indicator change trend direction signal
TP1- 7750
TP2 - 7920
Keep It Simple and Always Trade With the Trend!
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