Is the FTSE100 setting itself for a rally?Triple Bottom seems to be forming on FTSE100...
Could it be showing signs that it wants to rally for the rest of the year?
If so, we need to wait for the price to close above the neckline before acting.
Other indicaators also show it's too early, but things can change. So we'll keep our eyes peeled.
Price <200 (Bearish)
21>7 (Bearish)
RSI<50
Target 8,280
Londontraders
Still looking to sell the dollar and buy XAUUSDDXY H4 - Slightly lower timeframe that yesterday now, this 105.500 price has seen a nice retest and we have started to sow down and consolidate at this point. Really hoping to see more dollar weakness at and around this price point. GBPUSD, EURUSD and XAUUSD longs hopefully today.
S&P500 D1 - Stocks to climbS&P500 D1 - US stocks starting to climb off the back of recent events, mainly the inflation turnaround and confidence in rate hike performance. Typically we see the dollar fall as the US stock market gains, or vice versa due to negative correlation. Risk on/risk off cycles in effect, largely influenced by global and regional macroeconomics when concerning the USD. We have indicated major support targets of 330/3300, but this may not come into play. 15% gains in the last month since the latest low.
Eurjpy at correction mode We are still at correction wave of ABC and soon will see bullish move will be active,we’re not recommend take a trade at any correction move inside the correction wave,if we’re safe then we can do take a trade,most important safety first take care of fund first trade second.I indicate red arrows with buy and sell are a.
Have a safe and profitable trade
Any question please comment below.
Long Low Time FrameWe Have Tow Plan For CABLE.
The First Due To The Bearish Trend in Daily Time Frame And Made Higher Low In January and Reacted That, Probably Price Move Up Again To Test 1.3700 And 1.3750 Again.
The Second Plan For Short Term Analysis Price Clearly In Up Trend And Now In Correction Phase,
I Am Waiting For React The Price to H4 Zone An Long That To 1.3700 Level.
Gold H4 - Long Trading SetupGold H4
Alerts have been set for this 1785 price, lets see what happens as we approach this trading zone, fibs ran from candle close instead of the typical swing low wick to swing high wick due to FED rate volatility.
Few confluences on the 1785 region, S/R, weekly key level, fib corrective support.
GBPJPY H4 - Long Trading SetupGBPJPY H4
Lets see where we move towards today following BOE. Another big economic event which is going to cause a stir and shake up to the markets, especially GBP markets of course...
Break and retest seen and GBP bulls as mentioned on our IG post. Lets see what comes out of BOE and whether hikes surface and GBP rallies.
FTSE pending planDon't forget to Click the follow button for more daily professional analysis. If you have any Questions, please do ask them!
Here is our FTSE chart,
Similarly to yesterday we are waiting for some sentiment to RE kick in.
We should see a fall back to more reasonable areas and comfortable support.
Target is labelled with our directional arrow.
UK 100 Short planDon't forget to Press the follow button after reading for more daily professional analysis,
Here we have our FTSE or UK 100 chart.
On the current positive news sentiment around the omicron variant, we have seen a huge rally.
We are looking short at we approach recent highs.
Short TGT noted by the directional arrow.
EURGBP H4 - Short SetupEURGBP H4
Spoke about this pair in the technical rundown earlier on this morning. Retest entry was initially marked around 0.85080, where as the 0.85 handle was ideally the trade price to monitor. 0.85 pinned to the pip before rejecting and selling off.
That being said, we have bottomed out here on EURGBP. Eyes peeled on 0.85 again, possible short entry if we see rejections.
NZDCAD H4 - Long SetupNZDCAD H4
Long setup indicated here, again another one carried forward from last week, looking to see if we double bottom from our interim support/resistance price. If we do, we have a solid 4.2R trade measured from our buy zone to take profit target.
We pushed just slightly shy of 2R on the latest bounce, but again, fresh week more volume. Lets see what we can capitalise on.
DXY H1 - Range SetupDXY H1
Failed to break the previous breakout high, hopefully you guys can see the familiarity and logic behind why and where we mark and place our trading zones now, and why we use 'breakout highs/lows' as an element of confluence.
We may see something similar to the previous range, until we have something to justify a bullish USD continuation or otherwise.
NZDCAD H4 - Long SetupNZDCAD H4
Resistance has seen an upside breach. Waiting for a support pullback, once of the main perks trading this strategy, regardless of whether a zone holds and rejects, or breaks and retest. We can also prepare and measure the trade or alternative trade, depending on what happens.
As annotated, waiting for the pullback (just like DXY H4 chart) before looking to load up on long positions, TP initially would be the breakout high extension.
Nice H1/H4 trend which looks clean too, so a nice continuation of that would work in bull favour.
USDWTI H4 - Long SetupUSDWTI H4 -
Extending higher with clear fresh highs set. Looking for a pullback to repeat what we have marked up and executed over the last few weeks, demand is still there, price is still on the rally. Simply looking to buy the dips effectively.
Hard to predict TP targets, typically we use the previous breakout high, but it's not always quantifiable, and with assets as volatile as WTI. It's sometimes best to forecast and be a bit more conservative with stoploss' (use larger stops).
AUDNZD H4 - Long SetupAUDNZD H4
Appreciate this was posted yesterday, but it's important to keep market setups fresh and I like to provide them on a daily basis, even if there hasn't been too much change, no doubt starting to see sideways H4 consolidation on support though.
So expecting us to see another support to resistance range here as indicated. Fallen even so slightly short of the mean of out support. But we may see another test attempt.
GBPUSD H4 - Long SetupGBPUSD H4
Slight adjustments made to our support and resistance zone here on cable, generally more happy with the trading zones and the stance we have now in line with other ***USD pairs and DXY performance.
Still a measurable trade from support up to resistance, offering a nice 3R. Just need to sit and wait patiently for a test of support.
CADJPY H1 - Long SetupCADJPY H1
Trading from current price up to previous high still offer 3.3R, measurable trade no doubt. Not the typical kind of analysis we like that trade, seeing as it's more a trending environment, but we still break and retest out trading zones, and it's on a slightly lower timeframe.
Happy to see how things unfold though.
EURJPY H4 - Short SetupEURJPY H4
This range here on EURJPY is crazy, and has been running for circa 3 weeks with the exception of 1 or 2 fake-outs.
Monitoring this closely this week, we can trade the range from support to resistance and also resistance to support, but as soon as we break, we can trade the retest.
Don't fix it if it's not broken.