Uk100short
UK100 will go up once again, View descriptionUK100 has reached a low RSI of 30 therefore the market holders would need to push the market back above the 30 rsi area so seems like a good short term buy may be even good long term buy just need to see the movements a little more before making an assumption, looks like it may reach point of consolidation near 6698.2.
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Good luck to everybody hopefully a productive trading week starting tomorrow at 5pm EST.
:)
UK100: Could the slide bellow 7,190 extend?FTSE100 (UK100) index is also an interesting one to watch this week. The index was bounded in a range above 7,000 handle since August. Note that FTSE has been in a loose inverse relation with the pound since the Brexit referendum.
So, in case of a clear Conservative win this Thursday, a strong rally in both the pound and FTSE would be a strong sign of return in investor confidence. Take in mind that the UK elections are held when markets are open, and a new government may be formed on Friday, so volatility could be significant throughout the night and also during all day at Friday.
UK100 index were steady on Monday after posting the biggest weekly loss in 9 weeks last week. A firmer pound prevented more extreme gains as the latest poll showed the Conservatives increasing its lead over Labour by two-digits percentage points.
The UK100 index is trading below the 50-day and 200-day SMAs on 4-hour chart. The RSI indicator is sloping down on both H4 and D time frames. This morning FTSE broke the first support at 7,200. We opened Short position at 7,190 with Stop Loss above 7,250 and Take Profit around 7,130. There is located the lower line of Bollinger Bands on 4-hour chart and since October this level is acting as key support.
On opposite side, the first resistance is the top in the last 3 days at 7,256, followed by H4 50 SMA, middle line of BBs and 200 SMA (on both H4 and daily charts is around 7,320).
Do you trade this index and how?
UK100 - If you like big money moves UK100 delivers?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 chunk out of UK100, don't stay in too long til it starts to bite back.
Lets try something new...UK100 Short trade setupNormally I only trade Forex pairs and it has been a while since I last traded any indexes. But I was strolling through markets and saw this opportunity so I analyzed quick and opened a short trade @7216.
My quick analysis
The Market has reversed at the end of July and stayed in a Down Trend ever since. Now we can clearly see Resistance @7305 so that gives us a nice opportunity to go short and aim for a Lower Low. In this setup I used the Fibonacci Retracement tool to look for a TP level and found one @6992 (fib 0.618). The Market is already down -0.47% while writing this text so I don't know if there will be a good window of opportunity for long. My StopLoss is set @7336 I don't know what to expect of the duration for this trade but I have patience and confidence.
Lets wait and see what happens!
UK100 Look For The Down MoveHello traders,
We had a strong down move in the beginning of August which we have been correcting thus far and now I am looking for that continuation down to the 6700 / 6600 range.
I will re-evaluate the action in the coming weeks to assess whether or not I think this will be the complete reversal and probably the inevitable recession or back up to break and make new highs (which I think will be the case by the way).
Check out some of my other ideas posted under 'related ideas' down below.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below.
Don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
UK100: Daytrade-Opportunity#SELL the DTHey tradomaniacs,
welcome to another free signal of WEEK 36 Nr. 5
How to trade: 1. Wait for a break below the Neckline
2. Wait for the retest of the neckline and sell when you see rejection
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Type: Daytrade
Sell here: 7269
Stop-Loss: 7288
Target 1: 7235,4
Target 2: 7218,5
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
UK100: Day-Swingtrade-Opportunity#SELLHey tradomaniacs,
welcome to another free signal!
Important: Wait for the Breakout and sell the retest!
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Type: Day-Swingtrade
Sell-Limit: 7281,8
Stop-Loss: 7328,5
Target 1: 7208,2
Target 2: 7164,0
Target 3: 1,31377
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
UK100: Day-Swingtrade-Opportunity!#SellChanceHey tradomaniacs,
welcome to another free signal!
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Type: Day-Swingtrade
Sell-Limit: 7426,7
Stop-Loss: 7453
Target 1: 7364,8
Target 2: 7326,1
Point of Risk-Reduction: 7396,5
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
FTSE100 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks!
More details about me in my signature.
FTSE100 - Elliott Wave Outlook
Bearish Swings - Patterns:
Flat Structure in Cycle Wave IV (green)
Primary A (turquoise) - Simple Correction
Primary B (turquoise) - Complex Flat
Primary C (turquoise) - Bearish Extension
Bullish Swings - Patterns:
Leading Diagonal in Intermediate (A) (blue)
Next expected swing:
Bearish sequence in Intermediate (B) (blue)
Structure change:
Breach of the lower trend-line could lead towards Intermediate (B) (blue) already in play.
UK 100 to SELLMarket has been on a downtrend following a break in channel, as observed in the trend line.
Retest to the upside has occurred.
Market dropped below trend indicator before and after retest.
Expecting further drop from here as we are in a downtrend.
Scalp/day/swing trade market to the downside.
Pick your entry point wisely.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allowed for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
UK100: Day - Swingsetup! Complete the S/H/S-Pattern!#SELLHey tradomaniacs,
welcome to another free signal!
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Type: Swingtrade
Sell-Stop: 7.150
Stop-Loss: 7.173,1
Target 1: 7.132,7
Target 2: 7.116,7
Target 3: 7.090,7
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
All aboard the MONEY TRAIN... next stop CASHVILLEWe can see a trend line ( blue line ) that has been respected recently ( price coming down to touch it then bouncing ) And price has also been respecting our support/ resistance line ( green line ) you can also see this from where price has touched and bounced.
Price is currently at this level and is testing it as support, now we think price will bounce and make a bullish run.... our reason for this is because the current candle that closed on Friday was a nice bearish candle, but it also had a longish lower shadow, this means that bears tried to push price bellow support but failed and bulls pushed price back above and closed above key support.
Also on the monthly chart price is forming a bullish candle after the past couple of months candles have also been bullish, this indicates a lot of buying power, and also on the 4H chart price is also respecting this level.
So you can ignore setups like this if you want or you can join me aboard the money train on a 1 way trip to cashville.
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 7183 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 6922 (100% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.