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Uk100_long

FTSE - Strength to continue? UK100 Intraday - We look to Buy at 7500 (stop at 7445) Previous support located at 7550. Previous resistance located at 7620. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 7620 and 7650 Resistance: 7620 / 7650 / 7700 Support: 7550 / 7500 / 7450 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
FLong
by VantageMarkets
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.
OANDA:UK100GBPLong
by Quant_