UK100 Short Terms Sell Idea @ 1 Hour On 29-Aug-2022ABCD Pattern forming and the fact that previous double dropped approx. 170 points, UK100 is expected to test support to reverse from 7260.
Another fact is ABCD projection showing the exact support point @ 7260
The overall trend could still be bearish for next week, look for a second entry short to confirm, for now, a short-term sell till 7260 may work.
Buy @ 7390
SL: 7430
TP: 7360
UK100 trade ideas
UK100 short in next two monthsUk100 is always the odd one to trade.
I’m expecting this to fall to 6800 area in the next two months.
It won’t happen quickly, there is a major support at 7220-7080, and even stronger support at 6950-7000.
Look into previous years: September - November are statistically the weakest months for trading. It doesn’t mean this year will be the same but I would be very careful on going long now.
Despite what some might say, the economies are slowing down. GDP for last two quarters proves that(dictionary definition of recession). Good numbers on employment don’t mean sh** . When interests will go up more and more, people start to struggle to pay bills and mortages, losing jobs… and everyone will surprise that markets colapse!
Sure you can go long now, but if you expect ATH, I’m not sure if we can see that in next 16-18 months.
The recent rally was just a bear rally- powered by retail traders. I don’t see any reason to convince me otherwise at the moment.
I’m not a financial advisor, trading is risky, always do your own analisys before trading.
UK100GBP $UK100GBP Initial ShortUK100GBP $UK100GBP Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
UK100 GAME over start of the free fall below the 200 EMA Yet another rejection and lower high, confirmation of the end of this cycle and the start of the free fall, before the fall below the 200 EMA that will follow. The recent bear cycle rally is over and the realisation of the state of the global economy is just beginning. This is the biggest bubble of this century and we are about to put 2008 in the shadows with a collapse of everything. Inflation is heading to 20% and rate hikes will need to reach double digits to even come close to curbing this economic disaster. The recession is now unstoppable and the house of cards is about to tumble.
UK100 - sell ideaNeed to break down - mind as well RSI breakout.
This may be a nice trade
Mind your risks!
UK100 Strategy 16-Aug-2022 @ 1 HR Bias: BullishUK100 Strategy 16-Aug-2022 @ 1 HR Bias: Bullish
Bulls:
1. HH and HL
2. Consecutive Three White Soldiers
3. Important Strong Resistance Broken @ 7539
4. Trend Line intact
5. Big Dip after approx 70 Days and we are still at the 45th Day
Bears:
1. Rising Wedge @4Hr and 1 Hr
Bias: Bullish
Plan A:
Buy on the dip at Support Level 1539
SL: 7492
TP 01: 7685
TP 02: 7622
Plan B:
Sell at 7461
SL: 7541
TP 01: 7380
TP 02 : 7300
FTSE100 - DailyIllustrated is the potential move to come based on the level above holding.
As always, trade safe.
KOG
Image
FTSE100 bearish divergenceFtse100 appears to be forming a bearish divergence and a bearish bat pattern and is entering resistance zone.
Looking at historical data it formed similar divergence in 2021 August and pulled back by 260 points (approx.).
On Monday and Tuesday we need to confirm bearish candles being formed before we short looking at profit target 7300.
UK100GBP MORE BEARISH PRICE ACTION, WATCH FOR SELL.hi traders:Here on UK100, price is forming possible continuation price action, that could lead to more bearish downside move.
i set stop entry order and the market activated.
UK100 1H Trade IdeaPrice is at the high value area and we might get an early drop on the inner trend line, however the probable trade will be at the 3rd touch of the outer structure.
CURRENCYCOM:UK100
Joe Gun2Head Trade - Fading FTSETrade Idea: Selling FTSE
Reasoning: Initial rejection at 7493
Entry Level: 7468
Take Profit Level: 7375
Stop Loss: 7498
Risk/Reward: 3.06:1
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UK100, Head and Shoulder Pattern Reversal on their cards? @ 1HrUK100, Head and Shoulder Pattern Reversal on their card? @ 1Hr,
Wait for price action and firm breach of support at 7435
Entry 7414
SL: 7500
TP1: 7368
TP2: 7319
UK100price went up and hit our QML LEVEL, im expecting a drop from the level to the previous level with little stop loss and good risk to reward. the first low of the structure is the first target and the lowerlow is the second target
UK100 1H Trade IdeaUK100 reached the 3rd touch of the structure and retraced back a bit, however it looks like price wanna create a mini double top before pushing down. Myself, I wanna see an impulsive push down and an M15 Flag before shorting it. CURRENCYCOM:UK100
Intelligent Trading Academy - FX FTM H4 SELL FTSEWe see a selling opportunity upon us. Note once price action gets to the 200 day ema we will need to trade manage proactively.
UK 100 FUTURE LOOKING FOR CONTINUATIONFTSE 100 is looking good for continuation, it is trying to break through Resistance and hold as Support.
Channel Up for all of 2021 and half of 2022. Fell out of the pattern into an Ascending Triangle and hit Target 1 and 2.
Ascending Triangle complete and Target 1 hit.
If we fail to break current Resistance we will retrace to Targets 1 and 2.
FTSE100: some upside potential?Might we see a similar price action (see the two blue arrows) - hinting to possible similar price action.
A price action above 7260 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend suppport above 7330, which is close to the 200-day simple moving average.
Concern is however that the 200-day might act as major resistance.
However, the target is set at 7560.
Stoploss at 7260.
Remains a risky trade.
UK100 Bulish @ 1HR 25-Jul-22Using ADCD Pattern UK100 Showing Bullish
Possible Entry: 7250
SL: 7200
TP: 7350
Time is now ripe to short UKXNow the chart looks much clearer, there were 2 false breakdowns and if one has tight stop loss in shorting, their positions will be taken out faster than they expected. I believe is 3rd attempt to breakdown will be a genuine one.
Wait for it to retrace back to the trend line and when bearish candle emerge, short it !
UK100 going parabolic wayOANDA:UK100GBP
it looks scary on 1H chart , all green, no pause let wait and watch
FootsieI think the 50% retrace is a good target for this one
Geometry and fibs
NOT TARDING ADVICE
GRI 2022
