H4 - Bearish convergence Currently it looks like a pullback is happening No opposite signs H1 - Bearish trend pattern Currently it looks like a pullback is happening Until the two strong resistance zones hold my short term view remains bearish here.
This index is forming a rising flag, which might be an indication of a potential bearish momentum. Also, according to the clients' sentiment, the majority of traders are buying the index - 72%, and I anticipate that the price might move in their favor. My entry point is 7400, my stop loss at 7480, and my TP at 7230, as my R: R for this trade is 1:2. Note, risk...
There is a head and shoulder pattern likely to form. I am waiting for the price to break out at the support zone, then retest it so that we can have a go ahead to place our position. I anticipate that the price might continue with the bearish momentum. My intended entry point is 7600, SL at 7630 and TP at 7500, thus R:R is 1:3.
UK100 This has just bounced from the $7400 DEMAND zone created in SEPT, looks like it might come up to test the 50 EMA and I will be waiting for the reaction from there to trade it either way!
UK100 - 24h expiry Previous support located at 7550. Previous resistance located at 7600. Trend line resistance is located at 7630. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 7630 (stop at 7660) Our profit targets will be 7530 and 7525 Resistance: 7600 / 7630 / 7650 Support: 7550 /...
UK100 - 24h expiry - We are trading at overbought extremes. Short term MACD has turned negative. A break of 7800 is needed to confirm follow through negative momentum. Short term bias has turned negative. We look for losses to be extended today. We look to Sell a break of 7799 (stop at 7838) Our profit targets will be 7701 and 7681 Resistance: 7835 /...
According to A falling wedge pattern is seen as a bullish signal as it reflects that a sliding price is starting to lose momentum, and that buyers are starting to move in to slow down the fall. Divergence on CCI
Price has rejected main resistance level, 4H candle just closed as bearish engulfing so I'm expecting to price comes down to the previous low level since the main pattern on Daily and weekly are channel UP I believe it will touched there and bounced back up.
Hi there, UK100 has reached the BIG RESISTANCE LEVEL. Every time UK100 reached that level, it has ALWAYS got sold down. It may RETEST the resistance level for a 3RD time then SHORT. The MARKET is currently at A DOUBLE TOP. TIME FRAMEE = WEEKLY kind regards
According to Head and shoulders Downtrendline channel Resistance and support level Convergence on CCI
According to FIBO Retracement Divergence between the CCI with Price Move on Chart Price Action / Minor Trendline Broken , now Re tested
Clear indication of sell. I will try by all means to keep posting more analysis, keep dropping likes and commenting.
Looking to see if we can get a continuation from the previous move on 04/20. I'm already short @ 6931.95 SL @ 6971.81 and TP @ 6591.71 Will see how it plays out.
📌 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...
UK100 is 'busting accounts'. Now it is time to get some payback? Price is hitting upper resistance. Risk to Reward is insane.
When UK100 moves, it moves Big - Big Losses - Big Wins. Is your psychology right for this pair? Well it time to 'mine for diamonds' (Fib ABCD patterns). We hit a deposit. So let's fill our buckets and get out of here!! Let's see what pattern forms at this area of interest 'C'. Then, we will see if it tunnels over to 'D'. Remember - You only need a small...