Uk100_setup
UK100 Analysis &Trade Plans Trade Plan A
1- A strong support area
if the price gets rejection then go for long
Trade Plan B
1- If the price breaks the
above support then go for short
at the new HH
Short Opportunity on UK100 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
UK100 SHORT IDEAPrice 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.
UK100 BuyClosing if price closes BELOW the support zone, no set SL in particular, and targeting the top green zone
UK100 Golden area of sell Ftse100 is currently retracing after a very big movement to the downside. This retracement can take us up to the golden area of 7145. Here we can sell to push prices back down to the support area of 6900, if broken can take us to areas of 6575-6337.
Possible Long Opportunity on UK100 According to Possible Head and shoulders in formation
CCI Below Level Zero
UK100: BearishUK100 has created a sell profile again.
Note: This is a second entry after the initial longterm entry.
UK100Buy Order placed for a short term buy. UK100 is bearish on a hgher timeframes so this is a short term trade and should be managed carefully.
UK100GBP SHORT UK100GBP is at a key resistance level, as well as being at the peak of a bear flag on pivot 5, RSI 2 & MFI 7 showing massively over-brought, I think there's only one way from here, down. expecting 65.98 eventually, but you can pencil in 71.50 as TP1.
good luck, see you at the bottom.
FTSE100 Possible sell and buy setups with entrys.Good evening all, I am overall forecasting a bull move coming in for the FTSE 100 shortly... this is due to price failing to maintain the HH HL price action.
HOWEVER....
We all know we trade what the market gives us which is why I always have multiple entry's for both bullish and bearish should price decide to go against my forecast. Now, every entry you see is based upon a key level, they are not just placed in random places...
Of course guys this goes without saying but this is just for educational purposes and copy this trade at YOUR OWN RISK.
Remember never risk more than 1% and aim for at least a 2:1 RR.
Good luck for the rest of the month guys and I am also open to hear you guys forecast for the week ahead.
FTSE100 - Triple bottom formedFollowing on from my previous idea, the FTSE has continued to show strength at this level of support.
A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern.
If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a steepeer slide. However, because the bad news has been absorbed, we can assume traders are bullish (for now).
I think the only thing stopping the FTSE from moving up is the current fears around lockdown on the continent. Technically speaking, I like how the chart looks. Bulls seem to be defending the 6700 level well. Fundamentally, the fears over lockdowns worries me about this setup, but I'm still confident it will play out.
See chart for entries and exits
UK100- Expanded Flat patternIn the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed.
By break down of the downtrend line in the 60-minute chart, hopefully, we can expect the continuation of the downtrend with 6150 targets.
UK100 LONG BIAS Price in the short term is in a bearish decline, while the medium to long term trend is bullish. Price has declined to a key area of previous resistance and potentially support on the Daily timeframe. Based on price action I believe this could be a key area where price could reverse to test previous broken support. I don't expect price to hit this target till next week.
UK100 (MY SNIPEST ENTRY)UK100 is going to buy because we have a break of structure for potential upside movement, (DAILY STRUCTURE)
UK100 Stock, Again bought UK100 indexUK stock index is retracing a little after the bit impulsion that we predicted in our previous Analysis. If you are not in open position you can buy One at the CMP and second buy limit will be 6550.
If you like my idea just hit the LIKE button.
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.
UK100 Stock, Just bought UK100 indexAs UK100 index is looking a good buy position after Brexit Deal between UK and Europe is supporting UK Assets.
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UK100 H4 IDEAweak mouvements since 01 JAN 20 and still pushing but technically UK100 still showing weak future mouvements
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.
UK100 to Long?Market analysis pointing to some decent bull in store after channel break to the upside.
Trade at your own risk ...
