Long FTSE100Hi all, FTSE100 seems to be struggling to recover from the brutal February stock crash, added to the recent BREXIT issues, all fundamentals do not support a bullish outlook. But technically we could be getting ready to trade higher, we gotta be optimistic at this point. A good deal from the BREXIT talks could fuel the buys. For now investors are mostly observing and making small bet, we seem to be holding steady above the 6000 big figure. We still got reasons to buy at this point, that would be a solid discount. For the fundamentals as worse as it is, UK seems to be making trade deals with other good economies, Japan for instance. I wouldn't make a big sell bet right now, that's why for this week, we looking to go long on UK FTSE 100 Index
A ideal entry will be 5915, with invalidation points being around 5750, targets could well be above 6100 to 6250. Just a personal outlook, take at your own risk.
HAPPY TRADING
UK100 CFD
#FTSE100 (UK100) Reached first profit targetTraders, as per our weekend multi timeframe analysis, FTSE100 has reached its first profit targer. More can come if this market picks up momentum. FTSE100 (UK100) reached the first profit target of the pattern. I did not take this long but it was a very accurate trade. Congratulations to those who took it. 👍😄
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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ridethepig | Selling the Footsie📌 Exchanging
A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives.
In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role in hijacking the flows into UK assets. Recommend avoiding a waste of energy and time attempting to defend portfolios with UK exposure and subsequently focusing elsewhere.
Just think back to our coverage of the Pound when buyers were eaten up. This time sellers of UK exposure wish to occupy the downside in Equities to deliver complete annihilation of the economy. With 6,000 holding sellers have time to prevent the recovery and can move lower into Wednesday. The correct path of least resistance is to the downside, a break below 5,775 will leave buyers no choice but to capitulate.
Thanks all for keeping the feedback coming 👍 or 👎
ridethepig | Positional Play in UK Equities 📌 UK Equities remain vulnerable with Brexit & Covid in play.
(Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...)
(1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally justified.
(2) Recognise the idea that we are in a dead-cat-bounce in Equities broadly and that the UK is particularly exposed to these corrections which is key in positional swings! With this said, I struggle to find positives in the UK and in doing so prevents exposure on the bid. In order to bring interest in UK Equities I would need to see the current lows swept and in the event of a no-deal Brexit then we can see as low as 3579.x.
(3) Keep to the strategy - avoid getting soft hands and closing out too early (out of fear of missing the rally) and try rather to operate with a sense of calm and tranquility.
(4) Aim for total destruction of UK assets in the coming year, sadly the individual mobility of almost every sector will be affected from the political suicide.
(5) Get used to observing the complacency and "sell on rallies"; do not let an emotional retail approach be decisive.
(6) Remember what is important for Positional swings ... we are not attacking, or even defending, but remaining nimble with the capital outflows, rather like meandering water.
Thanks as usual for keeping the feedback coming 👍 or 👎
UK100 6024.3 - 0.3 % LONG IDEA * STRUCTURE & REVERSAL Hey Every-one
Here's an idea on the FTSE 100 looking at it from the 4H chart which is trading in a descending triangle structure on a couple of time-frames but more focus on the 4H. The index just tested the bottom of structure or rather support looking for a push up with the bulls to respect the descending triangle structure before we see any break-out of any sort.
let's see how it goes..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 6070.5
TP 2 - 6111.0
SL - 5985.5
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Stocks Strategy is now here!We don't like standing still, so now I am keen to launch our strategy for stocks and indices.
Same ideas as our FX one and we have optimised settings for the below pairs.
There aren't meant to be shortcuts in this game, so we created them instead.
Please see the link to strategy script in related ideas too.
Thank you
Darren
ASTON MARTIN - REVERSAL ZONE? LONG-TERM INVESTMENT OPPORTUNITYAston Martin has been on a steep and vigorous decline since its IPO. Could Aston Martin turn things around from here and start reversing from current prices?
Aston Martin has recently announced involvement in F1 with Racing Point rebranded as Aston Martin. This could help in turning things around. Billionaire Lawrence Stroll has clear intentions to do so and has invested into the company with a £260mil injection. Toto Wolff, Mercedes F1 team-principal has also bought a stake in Aston Martin. This indicates a large force and urgency to turn the Aston Martin brand around, stabilise the business and clean the balance sheet.
With the share price being significantly devalued and oversold and the falling wedge breakout, it could be an opportunity to invest long and short-term. Short-term in the sense that the stock is highly volatile meaning returns (and losses) are seen much quicker.
However, as the business model and balance sheet, as of now, is very unappealing, unstable and risky, the clear down-trend might still be in play and the current equilibrium triangle pattern maybe a consolidation phase before breaking lower in continuation.
4 things can happen here:
Equilibrium breakout upwards and a reversal
Equilibrium breakout downwards and a continuation
Equilibrium breakout downwards and a double bottom
Delayed Range-bound consolidation sideways
VERDICT: The trades/investments above should be played in accordance with your style and risk-tolerance since, given the volatility of this stock, there is high risk. Since the chart is in a clear down-trend, the balance sheet isn't yet appealing and macro-economic factors such as covid, bull calls are more risky than bear so do your own due diligence and manage risk appropriately.
FTSE100 - UKX - Range Bound. FTSE100 Weighted by various components, as well as that there was news that few companies from FTSE100 index will be removed and replaced.
However, let's focus on technical aspects:
We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I have kept the key support and resistance areas lined up. Those will be the areas I will be looking into in-depth. I advise you to perhaps add alerts or feeling towards risky side at limit orders, so you won't miss the trade opportunity!
Just a trading idea, not a recommendation.
Best wishes,
Trade Journal
UK 100 6113.3 + 1.82 % LONG IDEA * MOMENTUM CONTINUATIONGood Day EVERYONE
A look at the UK100 index that Rallied up with strong momentum just looking for a continuation of this move with the BULLS. key > RIDING THE TIDE.
let's see how it goes
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 6160.8
TP 2 - 6213.8
SL - 6083.2
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
🐱The FTSE 100 is what a dead-cat bounce looks likeCompared to major indices in the US, Europe and Asia, the FTSE100 is getting beaten up, and beaten up bad.
Macro economic factors for the UK are very bearish, with huge job layoffs and big unemployment numbers when the UK furlough scheme ends, not a lot has changed since my last update.
Major FTSE 100 companies like Taylor Wimpey, BP, Lloyds, BT etc are all leading the way with the beat downs.
The bounce started strong and we got all the way up to 6,500 before getting chopped down back to 6,000.
Since then the FTSE has never really gotten off the ground and has been playing around the 6,000 level for the last few weeks.
Without strong fundamentals to lead the FTSE higher, it looks like the next level is going to be lower.
Using fib and past support and psychology levels the next areas of support are 5,900, 5,700 and then 5,500.
Have a question about the FTSE100? Leave a comment below.
looking for longs from demand zone.Good morning traders. Today i am looking fro buys from a very respected demand zone and i am going to be waiting for a very clear rejection from that support and i am looking to leave this trade for longer period of time that is why my take profit is so wide. please ensure you guys do you own analysis and you use good risk management and wait for more than one confirmation .
Decision time for FTSEThe British index is in a complete impasse due to concern over the second wave of viruses.
If the index can throw itself back into the green rising channel, things will get better for the kingdom, but if the falling channel is stronger it can retreat back to the lower horizontal support.
Only personal opinions and ideas. Does not Include Legal Investment advice...
UK100 H4: TOPPED OUT // correction looming // SHORT IT!(NEW)Why get subbed to to me on Tradingview?
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UK100 H4: TOPPED OUT // correction looming // SHORT IT!(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: US/Global stock markets are maxed out
::: British economy shrank by a record 20.4%
::: Hundreds of thousands of people have already lost their jobs
::: FAKE money printing won't prevent the collapse
::: 20/25% correction August/September
::: DAX down 5% in Europe already recently
::: QQQ/SPY joining BEAR party soon
::: UK100 distribution in progress
::: runaway gap
::: SHORT IT 5% gains at least short-term
::: more coming over next few months
::: unsustainable gains, game over now
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEAR cubs will turn into GRIZZLY
::: expecting CORRECTION to last next 4-8 weeks
::: distribution at the top in progress
::: will lose up to 40% during correction
::: There is no upside in this market
::: Get out / trim exposure / or SHORT IT
::: Game over bulls and market will shift
::: into BEAR mode August/September 2020
::: either way setting up for 40%+ correction
::: 4-8 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH