UK100 Short advice on Strong Supply zoneUK100 Trading around 7075-7080 level if we see on daily chart its not holding above 7120 level and drop from that level seems strong supply zone.
Advice sell in range of 7075-7120 sl above 7150 TP 6950-6800
Uk100short
(Daily) Reversal Bat Territory @ Weekly and Montly ResistanceFX:UK100
Will it work? We don't know...
The question is, how much do we think it's worth ?
Take the odds and pay for them ;)
Safe Trades;
UK100 Possible Head and ShoulderPossible Head and Shoulder. 7000 is strong resistance. Next week is crucial. Let's see what happens.
(Weekly) Bearish Bat @88 // Target FibsUK100
Hello pips lovers!
I am "projecting" it as a correction from the previous structure breakout...
The ABCD pattern formation at Bat completion point is also printed, so we can support this trade idea on both patterns, the Bat and the ABCD.
The Bat pattern is valid on each the points, from Point B as an X to A retracement between the 50% <> 61.8 (closing below the 618), Point C with a close between the 38% <> 50% of A to B and Point B at the 88% of X to A.
Targets:
The 38% as first target and at previous structure (point B) and the 618% as 2nd target as a deeper correction.
At first target (the 38%), close half position size and stops adjusted to break-even (or a trailing stop also an option);
NOTE: do not ignore the "first" fib level at 23.6%.
Safe Trades;
Run Run Run - open.spotify.com ;)
on monthly bearish pin barUK100 forming Monthly Strong Bearish Candle and also if we see double top also Seems on monthly chart around 7123 level.
Who Trade in uk100 they can enter in range of 6932-7000 sl above 7050 tp1 6800 TP2 6600
And if hold above 7050 level next we can see 7200-7300 very soon.
FTSE 100 Medium Term Short: Divergence, BB, Missed PivotsThe FTSE 100 is trading near 6950, up more than 1200 points from the post-Brexit low of 5727.
Fundamentally, this is because of the sharp fall in Sterling.
However, technically, the FTSE 100 may be due for a correction.
It has relentlessly traded upwards, however:
1) There is strong resistance to be expected at 7000, a psychological round number.
2) There is divergence on the 4H chart at 6950.
3) The FTSE 100 has traded outside its 800-period BB on the 4H chart for more than 2 weeks.
4) There are multiple missed pivots, monthly and weekly, amidst the FTSE's post-Brexit rally.
This might suggest that we are due for a correction in the medium term, perhaps to the 6700 level.
If Sterling recovers, the correction may extend to 6300. However this is unlikely given a dovish BoE, quantitative easing and the market pricing in further interest rate cuts.
ftse uk100 short at the chanell shortThe ftsee making lower highs and lows with price currently ranging at the 78 fib and a Tl touch on the chanel
