Update on UK100 - 100GBPFirst position got stopped out due to premature entry without clear break of minor structure. The short position in my opinion still valid. Re entered after 1hr confirmation. Swing trade.
UK 100
UK100GBP Short OpportunityPrice trigerred my sell entry. I expect price to create now a lower low on the daily time frame after this daily timeframe pullback wave of creating a lower high gets to an end.
Are UK equities in danger?First things first, let's set the scenery with some backnotes:
- US equities are a ticking bomb as well
- Bitcoin is stuck in a tight range and looks for the driver to lead the next move
- Inflation keeps rising in the US while rumors for deflation are growing as people believe that 2008 is going to repeat again
- USD Index is in a global uptrend
Since we have the background, we can go into the technicals of the major UK index.
United Kingdom has yet to recover from the 2020 crash which makes it so suspicious that dark clouds are being gathered above the City. However, even if the index could just accumulate some momentum and make new 2021 highs, the timing is the worst now, as the US indices are already rocketed massively. As that said, it is really likely that a rush above the supply area would be the poisonous apple that would trigger the waterfall effect afterwards.
With the nearest floor being solid at 5400 - 5800 area, UK100 has surely a lot of room to fall before it can actually find some reliable support from the bulls.
Time will show what's next but one thing is for sure; dark clouds are being gathered and any bullish move would be psuedo-euphoric.
Take care!
UK100 - POTENTIAL EITHER WAYAll depends on open and how Asia foresees the UK economy in the upcoming weeks. Don't forget, the UK is co-hosting the Euro's and with the football going on the pubs are rammed and the economy is on the right tracks.
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.
FTSE 100 Looking For Long After RetraceThis is making a retrace after spiking 3 days ago. I am looking for an entry around 0.5 Fibonacci as this aligns with some previous resistance although it is best to wait for confirmation as it could drop further. Once we see a rebound target will be at a new high and where it will meet resistance of 7004.
FTSE Enter Long on RetraceFTSE 100 has had a big push higher, want to see a retrace before entering a long. Once it peaks on the current spike look for retrace to around 0.382 Fibonacci for entry. I have set target at a new high of 7004.4 although there will likely be some resistance at the previous high so can also take profit there and re-enter on the retrace from there.
UK100GBP - CHART OUTLOOKEyes on UK100GBP when market opens, we crossed above 100 & 200 EMAs and closed the market in an attempt to break through 6620 resistance.
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.
UK100GBP 🇬🇧 to decline if rejected by the DowntrendUK100GBP 🇬🇧 looks quite bearish , though there might be a slight incline to test the smooth downtrend. If confirmed - short it!
FTSE testing at critical junstionBreak of the uptrend line was strong with a good impulsive candle. Now at critical support near 6600 level. 200SMA is also at support. An impulsive break lower could signal momentum to get us to 6500 target.
Risk-off this morning across the board. Some of it on news as China's surging COVID-19 cases trigger clampdowns.
Good Luck and Stay Healthy!
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.
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FTSE testing important levelA falling channel on a 4-hour timeframe is soon to approach the support zone. A potential retest of the uptrend line and 200SMA make it a strong level.
Can trade the bounce here looking for reverse patterns on a smaller timeframe. A break lower is possible but requires significant selling pressure and some 'more' bad news regarding the pandemic.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
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.
If you like this idea, Please give it a thumbs up!
UK100This could be based on the fact that the lockdown could be eased. And the vaccine can be tweaked to tackle the new covid strain.
UK100- To break up?FTSE100 is consolidating just under important resistance that lies around 6500.
I believe this resistance will be broken to the upside and UK index could see a new all-time high.
A buy around 6400 would be ideal for this anticipated break and, with a 100 points SL could easily reach 1:3 R:R
UK100GBP🇬🇧 to bounce from Support!UK100GBP🇬🇧 has just left the Upward channel and the short move provided us with the 1.1% of profits. The pair could not break the support of 6308 and according to the upcoming ROT swing and the RSI oversold the upward movement is highly possible here!
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UK100GBP🇬🇧 to break the Upward channel!After the 3rd rejection from the strong Resistance the the UK100GBP🇬🇧 index looks quite bearish. The ROT together with the Engulfing candle pattern suggest the pair most probably will break the Upward channel.
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UK100 - StallingUK100 had a huge bullish run and we are now witnessing the exhaustion phase. We have come up to test around the previous high, the majority will be looking to sell from here but I would like to see one last push up before we see selling pressure.
FTSE 100 Buy set up We are seeing strong gains in the FTSE 100 as positive headlines on a potential vaccine, alongside expectations of a Brexit deal is causing investors to buy undervalued UK assets before the pound strengthens against the U.S Dollar.
Great Opportunity & RR on UK100Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
