UK100UK100 was trading in bearish parallel channel and finally breakout of channel with strong bullish impulse and also produced bullish on 4H TF. Will these confluences help the instrument for its bullish trajectory?
UK100 trade ideas
FTSE Elliott Wave Analysis for Tuesday 27/06/2023In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiatie a short.
UK100 to find sellers at psychological level?UK100 - 24h expiry
The current move lower is expected to continue.
Short term RSI has turned negative.
Rallies continue to attract sellers.
Risk/Reward would be poor to call a sell from current levels.
A move through 7425 will confirm the bearish momentum.
We look to Sell at 7500 (stop at 7525)
Our profit targets will be 7425 and 7400
Resistance: 7475 / 7500 / 7525
Support: 7450 / 7425 / 7400
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FTSE Elliott Wave Analysis for Monday 26/06/2023In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
UK100 to stall at doji?UK100 - Intraday - We look to Sell at 7520 (stop at 7545)
The current move lower is expected to continue.
Rallies continue to attract sellers.
Risk/Reward would be poor to call a sell from current levels.
A move through 7475 will confirm the bearish momentum.
The RSI is trending lower.
Our profit targets will be 7445 and 7425
Resistance: 7500 / 7520 / 7550
Support: 7450 / 7425 / 7400
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100 Bullish DivergenceBullish Divergence formed on UK100 30mins, place your buy stop or wait for LH to break.
Manage your Risk Accordingly!
FTSE Elliott Wave Analysis for Friday 23/06/2023In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
FTSE, Breaking lower? UK100 / 1D
hello traders, welcome back to another market breakdown.
FTSE has been reversing down from the All time high, the price probably has finished the pull-back phase, I'll be looking to feed the next leg lower on any spike up.
Trade safely,
Trader Leo
FTSE Elliott Wave Analysis for Thursday 22/06/2023The FTSE is moving again. We see a potential long trade for today (against the higher timeframe direction).
UK100 - Short by High Low Pivot & 2EMAs 06/21/2023* Daily timeframe: New low
* Current timeframe:
1- Short trend when Swing Low (1) & EMA 21 under EMA 50.
2- Swing Low(2) is continue & High still under Swing Low (1).
3- Opens a Sell with Stoploss at Highest price (Swing High) between Swing Low (1) & Swing Low (2) (Rule to find Stoploss).
a/ Moving stoploss when occurs Swing Low(3), Swing Low(4)(5)...
b/ Wait to retest previous swing low if ratio of Reward > Risk (>1).
FTSE 100 on Decline, Reacting to News about Inflation in the UKCPI (Consumer Price Index) was 8.7% in annual terms (8.4% — forecast, 8.7% last month).
Core CPI (excluding prices for food, energy, tobacco and alcohol) rose to 7.1% in annual terms (6.8% — forecast, 6.8% last month). This is the highest core inflation since 1992.
News of persistently high inflation may have an impact on the decision of the Bank of England on the value of the interest rate, it will be known tomorrow at 14:00 GMT+3. Recall that in the fight against inflation over the past 18 months, the Bank of England raised the rate from 0.1% to 4.5%. A further increase in the rate, according to CNBC, is fraught with the development of a mortgage crisis.
The chart of the FTSE 100 stock index shows negative dynamics. Today, the price of the FTSE 100 fell sharply to the psychological level of 7,500. Note that this happened after testing the level of 7,680, which previously served as support, and now resists the growth of the FTSE 100 index. Perhaps, in conditions of increased volatility against the background of tomorrow's meeting of the Bank of England, the bears will take a new attack on the psychological level 7,500. If successful, the price of the FTSE 100 may drop to the lower line of the descending channel (shown in red).
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FTSE Elliott Wave Analysis for Wednesday 21/06/2023The FTSE is moving again. Depending on what the market gives us, we see a potential long trade for today (against the higher timeframe direction).
Short UK100 19 Jun'23Risk control was there, a bit of FOMO on the entry
Trap was perhaps too small or needed to be cognizant of bigger trap prints. This reduced confidence in the trade
Location made sense
Flow made sense
UK100UK100 is trading in long term bearish trend. Currently the price is retracing a bit but just about to face a long term declining trendline from Fib golden ratio. Will these confluences push the price to lower side again?
FTSE Elliott Wave Analysis for Monday 20/06/2023The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
FTSE Opens with Bearish Bias: Potential for New Bearish ImpulseToday, the FTSE kicked off the market with a bearish bias, as indicated by its opening. After retracing and testing the previous resistance area near 7680, the value of the FTSE appears to have encountered resistance from a dynamic trendline within a broader bearish downtrend. This suggests the possibility of a new bearish impulse taking hold today. It will be interesting to observe how this index performs in the coming days as market conditions unfold.
FTSE Elliott Wave Analysis for Monday 19/06/2023The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Head and shoulderLikely breakout and pull-back retest right shoulder. Wait for confirmation looking long test previous high
FTSE Elliott Wave Analysis Higher Timeframe (17/06/2023)A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly and daily. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
