UK100 RETEST ITS ALREDY REACHED THE 2ND TARGET ONCE THE MARKET REACH THE 3RD TARGET MARKET WILL RETEST OR GO FOR A CORRECTION
UK100 CFD
23/10/2020 #FTSE Based on yesterday's daily candle close with rejection off new lows, price action looks bullish.
Bias will be long above 5791, targeting 5822, 5839.4, 5858 and 5879. 5896 if hit will present low risk short level.
Below 5778, bias will be to the downside, targeting 5744 and yesterday's low near 5722. 5682 should present low risk buy level.
UK100 Intraday Setup.UK100 - Intraday - We look to Sell at 5944 (stop at 5979)
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
We have a 61.8% Fibonacci pullback level of 5944 from 6042 to 5785.
Further downside is expected although we prefer to sell into rallies close to the 5944 level.
Our profit targets will be 5845 and 5770
Resistance: 6106 / 6325 / 6515
Support: 5770 / 5650 / 5445
FTSE UK100 Projection (South)Both fundamentally and technically- we expect a drop. price already in a descending channel which more likely it will be breached from the lower side.
UK100going to see where it stops on the fibs and wait for retest then place you enter stop loss below the previous candle.
5800 will be the immediate support.With Covid-19 spiking at the European countries, we are bearish on UK 100.
FTSE100 Short Trade *SCALE IN 16/10/2020*I think now is a good time to add an extra short position to FTSE100. I am still short from 6312 and 6300 and looking for new lows to be made.
TP1 = 5800 support zone
TP2 = 5725 (bearish trend to continue)
UK100 to Long?Market analysis pointing to some decent bull in store after channel break to the upside.
Trade at your own risk ...
FTSE100 Short Trade Scale InI believe UK stocks and the FTSE index in particular is due another bearish wave now. Price is in the perfect region for another lower high to form and selling to begin once more.
Using the fibonacci retracement tool on the 4hr/daily price waves there is the 0.786 level above to act as resistance. Price is in the region of the daily 50EMA with longer term bearish trend alignment of the 50 and 200EMA's apparent.
Selling from this level with a conservative sized SL and targeting the previous support zone (5800) and lower lows (5680) has the potential to produce good returns. Targets are shown on the chart.
I am still short FTSE from 6312.00 and I think bearish bets going in to the end of the year is the best probability outcome.
UK100 Index Trade Idea Gonna go ahead and steadily started building new buy positions on this asset, my main target is 6250 for the most part.
UK100GBP BUY LIMIT IDEAHello traders!
I will set buy limit on UK100GBP , we have strong bearish momentum right now, so i want to see re-test at 5945.5
After that we will see bullish move!
Buy Limit: 5945.5
Take profit: 5968
If UK100 will brake our strong resistance level,then i will to hold more for bigger profits! Good luck!
Stay on charts, this will be huge month!
/Mr.Trade
uk100 sellwith the uk covid cases rising again the pound should fall again and the trend lines surrport this as long as it breaks out the support at 5800
FTSE UK100 FTSE 100 we will see a change of tenure, put it in the comments.
They have marked supports and short- and medium-term resistance
This month we will be following it on our list and also the DAX, CAC AND IBEX35
A cordial Greeting L.E.D
In Spain at 6/10/2020
UK100 SELLHello traders!
I see good potential for sell position, UK100 has rejected by our strong resistance level, check on other timeframes.
So i`am looking here to sell,
Take profit 1: 5922
Take profit 2: 5877
Take profit 3: 5824
Stop loss: 5965
Good luck!
UK1000GBP SELL!Hello traders!
This could be very good swing trade..
Our key level is 5881.0, if UK100 will brake support zone, i will sell.
Just set Alert at 5881.0!
Stop loss: 5901
Take profit 1: 5850
Take profit 2: 5824
Good luck!
