GBPUSD LONGFrom my own perspective the market have done a 0.618% retracement with some support level ready to continue to its direction which is long
UK
GBPJPY You know what to do!Trade Analysis based on price Action.
With risk management you will never loss.
thank you
Will FTSE 100 finally breakout??!?!With a start of a new quarter..keep an eye on the FTSE 100.
Price has been consolidating since the start of the year, trading inside value for '21.
After selling off early in the year, price is back retesting 6800 yet again. A break above would be a very bullish signal, with continuation towards yearly highs a good possibility.
We are currently opening near last months VAH & POC, so should show its hand soon.
Watch and see how it plays out.
AUDCAD: Sell Limit (M + W1)Hi, my name is Shooter_Forex .
DownTrend signal appears M (demand zone) + W1 (demand zone). Sell Limit
Note: If you want to sell at frame H4, you need a patience signal to appear. Good Luck !!!
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital ( 4% / deal)
FTSE: LONG OR SHORT ?Following the world economic recovery, FTSE is now in a bullish cycle and here's our view for the upcoming days:
1.LONG : If the price retests the lower trendline and forms back a green bullish candle on the H4 timeframe, a Long position can entered there. And when the price reaches the green doted line, an additional Long position can be entered with more confidence since the price will be breaking a peak that was reached before.
2.SHORT : If the price breaks successfully the lower trendline with many bearish candles, then and only then a Short position can be entered.
Begbies Traynor LSE - Classic Cup and Handle on daily chart Hi everyone,
Just giving a quick analysis on one of the AIM-listed stocks on the LSE (London/UK). As you can see, there is a clear cup and handle forming on the daily chart, and it is an incredibly clean example in reference to what you would technically find in a text book. The resistance is at 115p, and this week it has seen a breach above next to the 120p level.
The company itself is also fairly good on the fundamental side - its latest fundraising (secondary offering to help finance another acquisition) was recently oversubscribed and the placing price was above market price, which the share price higher from 105p to 115p. As it is seemingly breaking resistance now, the question is about whether there will be a retest of the 115p level, or whether it will continue above 120p and onwards. Canaccord currently has a 170p price target on the stock, as issued earlier in March. The cup and handle may signify a strong climb as the UK eases lockdown. Another buying opportunity would be in the case where the price will fall to the lower red upwards trendline, which seems to be a good support for the price.
Disclaimer: I hold BEG at 105p average. Please do not take as professional financial advice. Always do your DD. Thanks!
USDCHF: Sell Limit - Go onHi, my name is Shooter_Forex .
USDCHF Demand Zone D1 + Reduction structure model. Sell Limit
Good Luck!
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital (4% / deal)
BTCUSD: Sell Limit - Go onHi, my name is Shooter_Forex .
BTCUSD After retest at exactly 59000. If a return of 59000 creates a signal, you can sell. A strong or weak force must see the signal is created then.
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital (4% / deal)
USDCHF: Sell Limit Hi, my name is Shooter_Forex .
USDCHF Demand Zone D1 + Reduction structure model. Sell Limit
Good Luck!
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital (4% / deal)
XAUUSD: Price response 1684Hi, my name is Shooter_Forex.
XAUUSD plummeted after Break and Retest at exactly 1700. Future, If a return 1700 creates a signal, you can sell again. A strong or weak force must see the signal is created then.
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital ( 4% / deal)
XAUUSD: Price response 1700.00Hi, my name is Shooter_Forex.
Wait Wait Wait Wait Wait Wait Wait Wait at Price 1700.00
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital (4% / deal)
AUDCHF: Buy Limit !!!!Hi, my name is Shooter_Forex.
#AUDCHF Trend increased, the signal of H1 (demand zone H1) + Demand zone H4 appeared.
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital ( 4% / deal)
GBPJPY: Sell LimitHi, my name is Shooter_Forex .
Sell limit to the Round Number 155,000 area. Here, the confluence between the two Demand zone M frames.
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital ( 4% / deal )
VUKE Daily - Dips back into green accumulation zoneAfter taking some profits at the red resistance zone a couple of weeks ago, I will use the current pullback to green zone to starting accumulating again into my ISAs and SIPPs. I would really like to see this ETF touch the 32 region over time.
FTSE100 - Fresh highs incomingThe FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window).
Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the level).
The next resistance is ~6838, so a break and restest of the 6800 is likely and will be the perfect high probability entry.
An aggressive entry would be at open on Monday (I personally will probably take this based on the pinbar with a stop below the low).
Target is the psychological level of 7000, which acted as a strong support throughout 2019.
High prob:
Entry = 6805 when retesting the level
Stop = 6735
TP = 6800
R:R = 3
Aggressive:
Entry = 6720
Stop = 6642
TP = 6800
R:R = 4
Happy trading:) follow for more of this kind of stuff!
Airtel Africa Resistance Broken - All Time High In SightAirtel Africa has been in an uptrend since May 20 and has been forming bull flags with a following period of consolidation. This has happened twice in the current uptrend with each upward thrust followed by consolidation which forms an ascending triangle pattern. Price has just broken out of the 83p resistance and has since moved higher. Look for a retest of the 83p and enter a position here, however there is a risk that this price won't be seen before the next rally (see previous bull flag patterns).
Fundamentals on this company are also fantastic and they are currently yielding 5.3%, therefore offer a good long term investment.
Disclaimer: I speculated the breakout and bought in at 75p.
UK100! (FTSE)Constant good news, has hit The FTSE upwards last week.
A pullback is possible and then the continuation of trend.
FTSE - Sell Signal 📉Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend.
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Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
UK Technical Analysis 🧙Ucommune International Ltd is an agile office space provider and manager. The company provides specialized, integrated service for managing agile office spaces and solutions in China. It provides open station spaces, private office spaces, and hourly desks. The company generates revenue from providing various agile office space solutions to its members from whom it collects monthly rent in the form of membership service fees or office workstation rental fees.
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GBP/USD - Holding Above 1.40?The pound has been on an incredible run against the dollar, smashing through 1.40 over the last week and gathering momentum to extend its gains.
When you look at where price is compared to the moving averages, there is an argument that the move is now quite overextended and perhaps poised for consolidation or a correction. But the MACD and stochastic just don't back this up yet.
We have seen some consolidation over the last 48 hours, but the price is still very stretched regardless. Should we see a move back towards 1.40 then this would bring it back towards the moving averages on the 4-hour chart and could generate some interest once more.
We've just seen a lower high so a small pullback wouldn't be an enormous surprise and on the daily chart, it would only represent a very modest correction. It would also roughly coincide with the 61.8% retracement of the move from 17 Feb lows to 23 Feb highs.
The vaccine rollout in the UK has been the primary driver behind the pound's outperformance, with traders seemingly banking on a super-charged recovery this summer as a result of the lockdown being lifted. Life should be back to normal by 21 June under the current roadmap.
COVID-19 UK Mini Spike too??Again... hypothetical testing by pushing the technical indicators and it appears that the UK would see a slight resurgence of COVID-19 cases.
May need about eight weeks plus minus two weeks to see something...
FTSE 100 Looking For Long After RetraceThis is making a retrace after spiking 3 days ago. I am looking for an entry around 0.5 Fibonacci as this aligns with some previous resistance although it is best to wait for confirmation as it could drop further. Once we see a rebound target will be at a new high and where it will meet resistance of 7004.
