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Uk100short

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.
OANDA:UK100GBP
by Ridgy4X
UK100 Intraday Setup.UK100 - Intraday - We look to Sell at 5944 (stop at 5979) Prices spiked higher and stalled at resistance in early trade. Further selling pressure led to a reversal in price action. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. We have a 61.8% Fibonacci pullback level of 5944 from 6042 to 5785. Further downside is expected although we prefer to sell into rallies close to the 5944 level. Our profit targets will be 5845 and 5770 Resistance: 6106 / 6325 / 6515 Support: 5770 / 5650 / 5445
OANDA:UK100GBPShort
by Signal_Centre1
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 👎
OANDA:UK100GBPShort
by ridethepig
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