HEAD AND SHOULDERS ALERTIf this head and shoulders gets broken off the neckline it can drop to 6k levels again!
Bearish divergence on the 4 hour chart too so I think it can drop
UK100 CFD
Fighting with triple resistance We are at a zone where we encounter three reasons to resist.
1. 0.786 FIB Level
2. descending trendline
3. 4h S/R level
In addition, we have 2 sell signals of the Wavereader.
I don´t need any more reasons to try a short here.
As requested, my idea about UK100!As @Traderwell requested, here’s my view about the UK100!
Short-term, the 7072 is a support that must not be lost, otherwise, we might just lose the 7k again. The breakpoint is 7118, as if UK100 breaks this point, then it’ll aim higher levels.
The danger lurking the index is the head and shoulders, a bearish pattern that has a neckline at the 7072, and the only way to avoid this scenario is by breaking the 7118.
This will make UK100 seek the next target at 7217, and cancel this bearish idea for good. I would like to see the BBs to get tighter in the 4h chart before anything else, tho.
For now, let’s focus on the 7072, as this is the most important line for us here.
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See you soon,
Melissa.
GBPUSD sell signal (1 of 3)The strengthening of the dollar is not over yet, with the beginning of a new week its rally will continue.
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A low strength sell signal (1 of 3) after testing the psychological level (1.3900).
The target for the deal is 1.3800 (100 points of profit)
SPX Update Please complete the transaction and do not close the deal
After 3 hours, the price will close a day candle above the stop, please remove the stop and continue with the transaction
What happened?
that the extension occurred in wave b and soon the price will return down to complete the c wave
EURUSD/LONG Congratulations close after achieving 550 points EURUSD/LONG Congratulations close after achieving 550 points
FTSE100 Moving In Up ChannelFTSE100 Moving In Up Channel.
If price closes below 6850.0 I'll consider opening sell trade with TP @6640.0
FTSE 100 SHORT OPPORTUNITYFibonacci level to be hit, to correlate to higher timeframe 78.6% retest before going higher.
short @6217we propose a downward move on UK INDEX and this will indicate that pairs which one side is GBP will be affected
the downward move is toward 6217 and then 5990
FTSE 100 - Intraday Buy Idea H4 - bullish false break
H1 - reversal pattern (divergence + convergence)
M15 - POTENTIAL bullish impulse.
Trading a potential setup is risky and much more aggressive than trading an actual setup. If you are not completely sure how to handle this one, better skip it or wait for the actual M15 structure (bullish impulse) to complete, than wait for the pullbacks before you look for buys.
Short-Term SHORT on the cards! RSI overbought & on channel top.UK100 has touched the top of an uptrend channel and has already reversed towards the bottom of this channel around 7000. RSI is in the overbought region too to support this.
Good Luck!
Nasdaq Diaries May Market Review In this video, I share some of our sentiments on the direction we speculate the indices to take for the month of May.
Nasdaq100
Ftse100
Nikkei225
Dax30
If you wish to learn how to trade stocks or indices you may DM me for more information.
Comment, like and follow.
Thanks for the support
Namaste
FTSE100 Possible sell and buy setups with entrys.Good evening all, I am overall forecasting a bull move coming in for the FTSE 100 shortly... this is due to price failing to maintain the HH HL price action.
HOWEVER....
We all know we trade what the market gives us which is why I always have multiple entry's for both bullish and bearish should price decide to go against my forecast. Now, every entry you see is based upon a key level, they are not just placed in random places...
Of course guys this goes without saying but this is just for educational purposes and copy this trade at YOUR OWN RISK.
Remember never risk more than 1% and aim for at least a 2:1 RR.
Good luck for the rest of the month guys and I am also open to hear you guys forecast for the week ahead.
Looking for a nice short on UK100Looking to see if we can get a continuation from the previous move on 04/20.
I'm already short @ 6931.95 SL @ 6971.81 and TP @ 6591.71
Will see how it plays out.
FTSE100 Buy SignalPattern: Channel Up on 4H.
Signal: Buy as the price is rising following a (near) Higher Low on the pattern.
Target: 7120 (the 1.382 Fibonacci extension).
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UK100/FSTE100 SellMarket showed a lot of choppiness before London open. This market is bearish at its current state.
EPS released for blue chip stocks like Barclays this week together with others like Microsoft from the US exchanges.
I anticipate a drop to 6840 from cmp.
Namaste
