UK100 CFD
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
ridethepig | FTSE Fundamental FlowsHere we are more or less back to square one as to where we were in July and testing away at the resistance.
Buyers are showing a lack of tenacity!
If after the Brexit fact (does not really matter if its a deal or hard brexit deal) we can see the possible outflow pressure really start to make itself felt. The strong counter here should immediately come under pressure with the initial loss of market access and broader global slowdown.
Once again (and with slow and steady pace) start to build some sell side exposure, abandon the overweight UK equities position and employ the following manoeuvres. A test of the centre looks rolled up and ready to take. Make excellent use of the flow towards 5,600.
Thanks as usual for keeping the feedback coming 👍 or 👎
UK - Alternative view to 4900: Ascending Channel upI think most are bearish following this descending channel. I had a previous target of 4900 which I hope for.
Experimenting with an alternative as the market promises a decent upside.
I have particular interest in this exact level: Hypothesis
Investors are waiting for the Brexit outcome from the EU talks and US election which will weigh heavily on UK's fortunes. I'm expecting this point to hold to add weight to the being in a UKX larger ascending channel.
- Is the ascending channel TA accurate - probably not but I want to at least identify a path upward.
Best, Hard Forky
Long GBP/USD & FTSE100 We have upside momentum continuing for the British Pound against the U.S Dollar as news headlines suggest a deal is within reach by next week monday. GBP/USD Upside target of $1.40
The UK 100 has seen strong gains already on Brexit optimism and the expectation of a vaccine roll out in 2021, therefore, we could see more upside strength in the index.
UK100 Phenom 5.3.1 Pending BUY SignalCurrently the recently publicly posted PHENOM 5.3.1 strategy is showing a buy signal.
*This uses private unshared settings*
WAIT FOR THE BAR TO CLOSE,
then enter and hold until close signal is shown on chart.
Strategy Available Here For Limited Time:
Please, if you like the tool, leave feedback or a like :)
Ftse Ftse sell confirmation..already break major trendline and retest..its time to sell now..SELL SELL SELL!!goodluck Insyallah
UK100 IN DOWN NOW !!Hello all
in this index it has low pressure and it will down now so sell please and give me your opinion
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