UK
FTSE Enter Long on RetraceFTSE 100 has had a big push higher, want to see a retrace before entering a long. Once it peaks on the current spike look for retrace to around 0.382 Fibonacci for entry. I have set target at a new high of 7004.4 although there will likely be some resistance at the previous high so can also take profit there and re-enter on the retrace from there.
GBPUSD - Is it time to FADE?WEDNESDAY - Half way through the week!
GBPUSD - I like the long side for GBPUSD for months. It's a great trade that has had great momentum, I stuck to my trade plan, being disciplined is key and built long positions along the way - I am now scaling out of my positions!
On my FX weekly I posted out to various groups I am part of - It's FREE to subscribe. It's explaining the FX majors for the week ahead, if you're interested - Message privately.
I stated GBP above 1.37 you'll get 1.38 coming into play as well as perhaps 1.40 areas...However, for those who have been trying to fade GBP for while, You may just get your chance...Let me explain further!
Technical Aspects:
Pattern: Channel - At resistance
Fib Retracement - Fade Area
Support: 1.37830, 1.37580, 1.37370
Resistance: 1.38250, 1.38550, 1.38600, 1.38860
Fundamental events:
1. US CPI
2. BOE Gov Bailey Speaks
3. Fed Chair Powell Speak
How could you play this trade:
- Following your own trade plan to add further confluence
- You could wait for candle formation, candle close, bearish pattern or perhaps an indicator that is on your trade plan
- Add orders at certain resistance zone areas
Have a great day ahead,
Trade Journal
(Disclaimer: Just a trade idea, not a recommendation)
Aston Martin Retrace Made, Time To LongThis has been playing out perfectly to my expectation in my previous ideas. Now it has retraced to find support this should rise to break the previous high. May drop a touch more but an entry here will be good. Mood on this is still very bullish as can be seen on MACD across timeframes. Target is 2849, then a retrace should be expected from there.
GBPUSD - Things could take a turn...!!Happy Tuesday...Here's a free Cable trade idea...!
I got asked why do I give my trade ideas for free?
It's my passion I live and breathe the markets, I know there's so many scammers out there and capital isn't what I am greedy for ever - but giving the community a guidance to help build confidence for your trading journey is the best gift I could give anyone. This will always be free!
GBP - You know for ages if you are an active follower of mine - I am bullish GBP you probably even know my target areas longer term perspective and 1.50 it could go to. However, for now I am really keeping an eye on this formation we have built.- Dollar squeeze could be coming soon....!
Fundamentally:
- BOE Monetary Policy Report (Thursday)
- Negative Rates - I highly doubt its needed
- Positive vaccine roll out
Technical aspect:
Wedge has been formed a break to either direction.
Support: 1.37570, 1.36585, 1.35520, 1.35240
Resistance: 1.37100, 1.37600, 1.38070, 1.38940
Ways you could the trade GBP:
- Wait for the break out and trade the pull back
- Add orders either directions
- Go to a smaller time frame to get into an early position if you're feeling confident
- Follow your own trade plan for further confluence
Key tip: Patience & Discipline.
If you have any questions, message privately happy to help.
All the best,
Trade Journal
(Just a trade idea, not a recommendation)
Aston Martin Pushing HigherThis has broken resistance and is now pushing higher. I have done very well out of this stock for the past few months and it has enormous potential to grow. If you need an entry to this wait for it to retrace back to the previous resistance level marked with the blue rectangle, this should act as the new support. For a short/medium term trade the target can be 2849 where there may be some resistance. In the long term target can be around 9000.
UKX - expecting more upsideInto support - similar structure to H2 2020.
Expecting more upside
Best, HF
Rounding bottom Potential gain:65%
Reward/Risk:3
Timeframe: 4wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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BTC analyse 24.01.221- 24.03.2021hello dear traders its been along time, as we see BTC had made a very massive bullish trade last months, but after hat directly BITC LOSES about 20% of its value, but why ? we all know why, but what its more important is net step of BTC :)
AS we see we will have one of those scenario A or B , but both of them they have same end which is to reach +46000e,
as possibilities gives 65% that we will have a massive bullish trade, and in my opinion will be the history chance.
the entry point will be in 21000e, but we have to wait if price goes down more.
and if price didnt goes down more so entry will be in 27000e
GBPUSD idea (Short 4h) " Price Action Analysis "GBPUSD analysis for this week on the path of price action - As we can see, there will be a drop in the price of GBPUSD If you agree with my idea, please leave a comment and Like - Leave a comment on my idea to have a discussion.
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)
Rolls Royce - Do Not Miss The Big Opportunity in RRThis is at strong support both technically and psychologically as it is at £1. I do not expect this to drop anymore from here, if it does then a quick bounce back should be expected as can be seen on the 21st December 2020. I have set TP at the previous high of 146.45 and then another target at 164 if it breaks the previous high.
AUDUSD BUY AND SELL trade Right now price is heading to 81 cents as this is a major resistance and is currently a 0.786 fib level and a long term bearish trend like so if price does not break this level we will see a bounce off that trend like and see bearish continuation for another 4 years till it bottoms out at 47 cents. Cant see that the recent bottom being strong enough as there’s not so much support/legs built there so. One more dip.
UK Technical Analysis.If you understand the idea,🎯 press a thumb up! 👍👍👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
Dunelm Group Plc....UK Share To Keep an EYE On. At Supply Level
2 October 2020
Bearish Outlook.
Dunelm Group Plc.
UK Share To Keep an EYE On.
Dunelm Limited is a British home furnishings retailer.
Weekly Price is
Over Extended
and is @ a Strong
Supply Level.
If ???? Close above the
Current high of 1563
Price could go much HIGHER
LSE:DNLM
GBPUSD 250 PIPs CHANCE 🇬🇧🇺🇸Hello Traders ! 👋🏾
Hope you had a wonderful weekend
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So, here we are again looking to ride another GBP pair.
I had several reasons to go for a SHORT position here.
Try to follow me 👨🏽🏫
Major support area (B);
Uptrend (A);
Resistance level (C);
Double top (D);
Double touch on my trend line (E);
Severel re-tests on our major support area ( marked with green circles along support B ).
With all the uncertainty about the GBP pair, I really believe the pair will drop either to our support area (B), or to our trend line (A).
We will carefully analyse the behaviour of this pair during the first couple hours as soon as the markets open before we enter this position. 👀
Do you agree with this idea ?
Feel free to leave your opinion on comments and to use this idea yourself ! 📲
GBPUSD - Brexit drama? How can I trade GBP? GBP - What a great currency - I say it's like marmite you either love trading this currency or hate it...It's been a tricky pair due to brexit drama.
I remember trading on demo account when Brexit was announced shorting it with a good well established friend of mine in Africa...It was great fun even on a demo you do learn a lot as yrs go by . Now I do have a nice real portfolio I manage, and I look at GBP and all that comes into my mind is first is go and look at monthly chart and secondly - 1.40 could be coming shortly....!
It's a very headline driven market for now
However, let's not get carried away let me break it down for you.
Technically we are bullish within the monthly - which I will go through my yr ahead outlook video of 2021. There are so many bullish formations for GBP that reaches towards 1.40 area, but we need to pass 1.36-1.37 areas first those are next resistance areas and the daily close we got above 1.35 technically we are BULLISH! But does this mean you just get in now? Well no, go to lower charts find a good entry point using price but I am now going to speak about fundamental impacts on Brexit. (Use your own trade plan)
Fundamentals: I know, I know for yrs we've been talking about this Brexit - Will it be over by 31st December or will we continue into 2021?- Sure I won't be working on Christmas day only day I am taking off but I will be looking at my desk looking to see updates, fishing out any information I can get - I would recommend you to even invest in a good squawk service head-lines will be coming out and the price of GBP the moves be interesting, keeping a good amount of stop I would recommend for this pair for now. I feel if we do get deal the euphoric energy will come in we should hit 1.40 areas but then I do have other views where I feel at 1.40 things could take a turn and if we don't get deal sure GBP will decline - Now, why 1.40 Why and how will take a turn? - Well, wait for next week for my 2021 outlook tune in - I will be explaining further why!!
Also keep in mind if we do get QE from USA - that will increase GBP and other majors too. Lets see what congress does....!
If you are interested in the UK market - Check out my FTSE100 analysis post as well!
All the best,
Trade Journal
GBPNZD pitchfork trend analysis GBPNZD is now getting out of correction wave and making impulsive wave. Good for swing traders
