UK100 WXN Trade Idea LongWXN Trade Idea
UK100
Entry: 6780-6785
Stop Loss: 6740
Take Profit: 6900
Risk/Reward : 1:2.53/3 depending on entry
We recommend that you take profit whenever you feel happy.
Strong Support created on H1 and price failed to break down, additionally bullish pressure and price action indicating the upside.
UK100 CFD
UK100 Ascending Triangle - Long OrderUK100 Ascending Triangle Long Position
Entry: £6,861.3
TP & RR: £7,036.9 (2.21)
Stop Loss: £6,781.8
REASONS FOR THE TRADE
Unfortunately, this is not a trade that I will take since I already have enough positions for the day and my system prohibits me from being overexposed. From a technical point, this seems like a sound trade - testing lower trendline in ana ascending triangle and the Market Flow indicator printing a divergence. My sixth sense tells me, however, that this trendline may not hold... but it's usually wrong, that's why I count on technical indicators. The Stop Loss is far enough for you to evaluate if the price will drop down or will bounce up and start heading towards the target.
I will not count this trade in my journal but I will continue to update it as it goes.
Golden Cross formed early in DecemberThings are looking good for the FTSE 100.
Not only has a Brexit deal been agreed, but 2 vaccines approved for use.
Early in December we saw a golden cross form on the daily chart.
For those who don't know, a golden cros is formed on the 50 and 200 MDA and is a good indicator ( along with the above ) as strong upword trend.
It seems a 7000 recovery is likely
USD/CAD : PRICE ACTION ON DAILY TIME FRAME 🔔Analysis of #USDCAD
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Strategy: Daily Price action - We will be waiting for all the confirmations to enter in this trade.
A clear chart is Always the best business card for a trader.
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Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
I am still bullish FTSE! It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility.
Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out for the FTSE it's a great buy at the areas of 5850! Let's hope they did listen to advice and if not - there's always chances in this beautiful market we've had this year! Let's hope to make plenty of pips for the end of this year and start the next year with great optimism within ourselves!
Let's get onto the technicals:
Pattern - Bullish Flag target area: 1.618
Resistance: 6860 & 7035
Support: 6140 & 6040
My target - 6800-7100 Areas!
One of the major investment banks did even announced UK assets are undervalued within options check out Rolls Royce has been a great trade to take as well!
Fundamentals to keep in mind: Brexit and what the indices has a large portion of companies energy based. Although, my target for Crude is 55 area.
All the best,
Trade Journal
Remember: Just a trade idea, not a recommendation
FTSE100 - Full Breakdown + Future Trade OpportunityFirst time breaking down this market, I want to further illustrate what we are seeing in global markets.
I will link related ideas below.
In this video I explain this pattern in official AriasWave terms so you can see how we differ from other forms of analysis.
The move up since the Great Depression is a TYPE-2 ZIG-ZAG and we are seeing Wave v of an ending diagonal since 2009 unfold.
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UK100 D1: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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UK100 D1: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect massive
reversal from overhead soon.
🔸 Summary and potential trade setup
::: UK100 1day/candle chart review
::: market disconnected from reality
::: huge surge in COVID cases
::: massive lockdowns
::: economy melting down fast
::: BREXIT talks failing big time
::: bearish fractal in progress now
::: speculative XABCD setup
::: point C 6920 points
::: short-term bullish /more gains
::: HOWEVER heavy resistance overhead
::: 6900/6940 points heavy/final resistance
::: get ready to SHORT from overhead
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT HIGH later
::: once we hit resistance at 6900/6940
::: TP BEARS TP1 +15% gains TP2 +30% gains
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 4700 points
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 6900/6940 reversal level to SHORT IT
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 4700 fresh demand zone
::: 6900/6940 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS
⚠️Possible drop on GBP pairs (FTSE too!)As the video explains, we believe that there is a decent chance for further bears on the GBP and possibly on the FTSE too.
The video also goes over a recap on GBPNZD sell from Friday night that ticked all of our boxes to short.
We trade using the RSI indicator, Fibonacci retracement and the Donchain channels. and wrap it all up with price action analysis!
learn more with us 👇
UK100 over a daily support 🦐UK100 on the daily chart after the huge drop due to the Coronavirus started a retracement move.
The market after hitting the 6500 level starts to move in a descending channel until exactly the 0.618 fib retracement where it created a new impulse until the 6500 level again, over a daily support.
IF the price will break below the 6350 level we can wait until the next inversion for a nice long order, if the price instead will break and close above the 6500 structure we will set a buying order
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
UK100- To break up?FTSE100 is consolidating just under important resistance that lies around 6500.
I believe this resistance will be broken to the upside and UK index could see a new all-time high.
A buy around 6400 would be ideal for this anticipated break and, with a 100 points SL could easily reach 1:3 R:R
UK Bullish - Validated trend lines?Hi, folk were too bearish hence my abandonment of my bearish scenario and placement of these bullish trend lines pre-US election. The push up seems to have put many traders onto the wrong side of the trade. These lines look valid, check out how they may be confirmed by the last few weeks of price action at the higher end of the channel.
It's still looking bullish to me. There is always a potential for it to snap back I'm not expecting this (at least until March).Next event to trigger a move will be the EU Deal. This of course will be done but my expectations are:
- Deal may keep UK in range if not further decline
- No Deal potential to drive market to previous highs and beyond
I'm not a fulltime trader and not in a informed position to be making calls about the UK market but been looking at charts long enough to read the markets.
Best, Hard Forky