59R long trade UK100Targeting a 59R trade. Wedge continuation pattern with liquidity sweep.Longby TipsOfPips223
5R Long setup on UK100Targeting a 5R trade. Wedge continuation pattern with liquidity sweep.Longby TipsOfPips1
UK100UK100 is trading in range bound with 150 pips range. some time ranges are the best things to play just buy the support and sell the resistance. as this one is 100 pips range which can deliver fine risk to reward. currently the price is at support level and being rejected due to buying pressure. will the pair head back to resistance area ? what you guys think of this idea ?by JustTradeSignals5
Analysing the FTSE 100's Summer ConsolidationSince mid-May, the FTSE 100 index has been in a consolidation phase. In this analysis, we'll build a picture of this phase by sequentially adding technical indicators to the daily candle chart of the FTSE 100. While technical indicators can provide valuable insights, overloading a chart with too many can be overwhelming. We'll take a methodical approach to enhance clarity and understanding. Horizontal Support and Resistance Let’s start with the fundamentals of price action trading – horizontal support and resistance levels. For many traders, these levels are all that is needed to make informed decisions. Even this minimalistic view of the FTSE provides valuable information about market price action. We can see that the market has started to establish an area of support in recent weeks. During the last month, the FTSE has formed four swing lows around a similar level. Past performance is not a reliable indicator of future results Price Pattern Observation By mapping the recent series of swing highs and lows, we can see a wedge pattern starting to emerge. This wedge suggests that the market is being "funnelled" into an apex, a formation that often precedes significant trending moves. Past performance is not a reliable indicator of future results Anchored VWAP Adding the volume-weighted average price (VWAP) anchored to the April swing lows, which preceded the last trend leg higher, we see that the FTSE is consolidating around the anchored VWAP. The VWAP is moving horizontally, indicating the market has reached a short-term equilibrium. Past performance is not a reliable indicator of future results Fibonacci Levels Adding the 50% Fibonacci retracement of the recent trend from April to May, we find it aligns with the horizontal support levels formed over the last month. This adds depth to our market structure analysis. Past performance is not a reliable indicator of future results Volume Finally, we add a volume histogram to our chart, which shows decreasing volumes in recent weeks – a common summer trend. A breakout above the wedge on rising volume may indicate the FTSE’s long-term uptrend is ready to resume. Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom6
UK100 to find support at market price?UK100 - 24h expiry Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Dip buying offers good risk/reward. We look for a temporary move lower. Further upside is expected although we prefer to buy into dips close to the 8175 level. We look to Buy at 8175 (stop at 8135) Our profit targets will be 8275 and 8295 Resistance: 8480 / 8570 / 8720 Support: 8010 / 7870 / 7725 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.Longby OANDA4
Heading into 50% Fibonacci resistance?UK100 is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support. Pivot: 8,234.64 1st Support: 8,165.20 1st Resistance: 8,272.91 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. UShortby ICmarkets8
uk100------Bearishthere is continuation flag making and previous there is divergence on H1 take trade from fib 0.5 level with 20 ema candle rejectionShortby ali110021
FTSE 100 Index Behaves Bullishly Amid ElectionsFTSE 100 Index Behaves Bullishly Amid Elections On Friday, the FTSE 100 index rose by 0.4% to 8273 points, continuing its 0.9% rise on Thursday. According to Trading Economics, the centre-left Labour Party, as expected, won the parliamentary elections and secured a majority, ousting the Conservative Party after 14 years in power. The Labour Party emphasised the importance of economic stability in its decisions and committed to strict budgetary spending rules. Prime Minister Sunak conceded defeat, and the UK stock market positively received the official election results. As shown by the chart, the FTSE 100 index (UK 100 on FXOpen) has risen by approximately 1.9% from the July 2nd low. However, the situation remains unfavourable for the bulls. According to the technical analysis of the FTSE 100 (UK 100 on FXOpen) chart: → the market has formed an upward trend (shown in blue), but its relevance remains in question; → the B→C rise constitutes 50% of the A→B downward impulse – a bearish sign; → in June, the price formed a range zone (shown with red lines), within which it currently resides. In a favourable scenario, the bulls may break the upper boundary of the red range to return within the long-term channel. Otherwise, the long-term blue channel will lose its relevance, and the Labour Party may experience a period of decline in the FTSE 100 index (UK 100 on FXOpen) early in their term. Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen. 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.by FXOpen2232
UK100 ----Bearishthere is decending triangle with divergence in H1 still there is trend bearish put sell stop on below the previous HL of H1 time frame Shortby ali110021
UK100 Bullish Trade Idea Uk100 Is Looking Good In the Bullish Direction After Being Bearish for a Few Days. Now Uk100 is Making Consecutive HL and HH.Longby mubbasher2
FTSE Losing Steam (Next Moves)Previous long zones have presented themselves repeatedly around the current area, and lower highs have brought a continuous return to these areas. This is because the long side bias that existed for so long around UK Stocks has started to fade. Buying, therefore, comes with caution. Would not be shocked if you get lower nearer 8060. Only RE-shorting on pushes back up to continue lower high structure.by WillSebastianUpdated 4
FTSE 100 Inverted Cup-And-Handle Hints at Bearish BreakLike Germany's DAX that we highlighted earlier today, the UK's FTSE 100 is also on the verge of a bearish break down after a strong start to 2024. The UK index has formed a clear inverted cup-and-handle pattern over the last 10 weeks. Akin to the "head" and "right shoulder" of a head-and-shoulders pattern, this setup shows fading buying pressure and a potential reversal of an established bullish trend if the neckline, in this case at 8110, gives way. In that scenario, the UK index could erase much of the Q2 gain and retreat toward the 200-day MA around 7800.by FOREXcom111
UK100 Index: Hourly: ShortUK Trending lower Lower High and lower Low SL:8218 EP:8121 TP:8015Shortby SMS140
Continuation of HH HLAs the market is already in bull run, so will at least touch the top once again for a reverse. Longby abidhaiderUpdated 0
UK100 on SupportUK100 on support and 50% retracement on FIB level, we can see buy trade fron here. Manage risk accordingly to your appetite.by mashhood4871
FTSE-100 : SELLERS TAKE CONTROL- The market is trading above a bullish trendline since February-2024 ; the long-term trend is then bullish. - However, recently the upcoming general election has risen a lot of uncertainty in the UK. And with such a blurry political outlook, many investors have chosen to readjust their portfolio's exposure, which led to a pull back in prices. This pull-back led the market back to its mid-term bullish trend line for a fifth impact. The RSI indicator has already broken-out its own bullish-trend line, confirming that sellers are now in control. Both moving averages have registered a bearish cross and reversal, which also supports the case of a bearish continuation. - The anticipated bearish break-out registered by the RSI, combined with the current political uncertainty, tends to allow us to expect the bullish trend to be invalidated soon. We expect the market to remain volatile on the short-term basis, while next support levels can be located around 8,075pts, 4,945pts and 7,820pts by extension. Pierre Veyret, Technical Analyst at ActivTrades. The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.Shortby ActivTrades2
UK100 FTSE100 - ABC Correction Uderway?Hello Guys, The yearly Candle is slightly Bullish - but we did not see a break on a closing base of the crucial 7900 area -> ATH. A Retest of this area would constitute a Bullish setup - which I would be happy to be part of after the last rallye. Q2 Close - Doji -> might see a consolidation phase from here with a sideways to down mentality - considering the recent gains the bulls had. The monthly Bias is Bearish. A Bearish Engulfing Pattern (Although a small one) has been formed. The Stochastic confirms a Bearish Bias - not totally contradicting the higher Timeframes! So Bulls be prepared for some drop… Just an idea from my side. A Double Top at 8400 would be a strong sign of Bears being back. -> For the bulls 7900 has to hold - for the bears 8400. Thats all for now… Thanks for readingShortby MeruEU1
Bearish drop?UK100 is rising towards the pivot which acts as an overlap resistance and could potentially drop to the 1st support which has been identified as a pullback support. Pivot: 8,221.18 1st Support: 8,135.01 1st Resistance: 8,281.68 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.UShortby ICmarkets118
UKX.X heading down?Monthly chart of UKX.X from inception. Price is rejecting the upper channel line having completed 5 waves. Down would seem to be more likely than up at least for now. Shortby JamesHJ0
FTSE 100 Trade Plans UpcomingThe UK major stock index (FTSE100) has seen sustained falls over a reasonable period of time. Currently there is no strong case for up moves, and similarly down moves. However, It is ranging to the downside on a slightly more 'unsure' outlook, as summarised by the technicals drawn. 1. Tech bias illustrates losing of value and a push to lows that ultimately may break on continued pressure. 2. Sentiment shows no real growth outlook and slight risk off view.Shortby WillSebastianUpdated 5
UK100 - Looking To Buy Pullbacks In The Short TermH4 - Bullish divergence Downtrend line breakout Bullish trend pattern Until the strong support zone holds I expect the price to move higher further after pullbacks.Longby VladimirRibakov1
FreakFriday - FTSE 100 possible correctionExpected today was UK retail sales data, which rose 2.9% in the previous month. April's decline of -1.8% during a period of heavy rain on the island kept customers away from the stores, according to the UK's Office for National Statistics. The expected forecast was for a positive correction of 1.5% according to surveys but this has been far exceeded. Also important has been the factor of inflation, which had been very high until the previous month and returned to the right direction of the Bank of England after 3 years above the 2% target, which nevertheless remains high at around 5.7%. Add to this the increase in the average wage value versus inflation rate and consumer confidence appears to be recovering to 2021 values, according to the LSEG/Ipsos Primary Consumer Sentiment Index - PCSI survey which came in at +53.0 on Thursday, one of the oldest measuring indices started in 2010. Adding to what has been said yesterday, hopes of possible election rumors, it is believed that a landslide victory for Labour against the Tories, who claim to hold the key to rebuilding growth and carefully managing the state's coffers, currently heavily burdened with debt, may be in the offing. This would be a turnaround from 2016's Brexit and former Prime Minister Liz Truss's skeletal mini-budget for 2022 that hasn't been varying much. It is clear that if Labour wins rate cuts are looming to shrink debt and prop up the price of the pound and the search for stability in economic policy. UK fund managers seem to be hopeful of this, and it is believed that equity and credit valuations in the UK do not yet reflect the good that is to come, which would affect a better government bond rating, because of the tail risk that the Tories currently have with their fiscal policy, but it must also be understood that the 47.5 billion plus owed by the UK to Europe is not paid overnight and it was clear that there was going to be an economic impact. Some analysts believe that the reputation of increasing taxes and public spending may negatively affect bonds, because public finances are not in good shape. Nevertheless, two-year bonds fell to their lowest level after the BoE's decision according to LSEG, and this has caused them to outperform U.S. and European bonds due to those releases. It is possible that once the election factor is removed the UK's idiosyncratic risks and persistent inflation will facilitate a period of greater stability. Today being the Quadruple Witching Hour also known as Freak Friday where the quarterly maturities of futures and options on indices and stocks occur, with historical records in most of the equity markets, investors have reached Thursday with portfolios that recorded significant capital gains, hence, also warns the risk of a possible profit taking or at least put the brakes on the positions. And that is why today the markets are starting the morning in the red. If we focus on the FTSE 100 in London, we have witnessed since May 15 how the price corrected from the highs at 8,492.21 points, again the index tried to recover strongly the price to 8,371.41 points and then we have seen how since the beginning of the week an upward movement began. Currently the price zone of 8,260 points is considered overvalued and the RSI has marked an overbought signal at the beginning of the session, so it would not be unusual for the index during the summer period to begin a corrective period coinciding with the elections in the direction of its last support at 8,107.97 points. If the market remains in this bullish cloud, it is likely to retest the second resistance prior to the highs, where we will see if the market continues to support the index shares with the same strength or not. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Shortby ActivTrades4
UK100 15 - ABCD Emerging : an hour agoABCD Fibonacci pattern identified at 6/19 03:00. This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 8,204.01 to 8,155.19 within the next 3 hours. Expiry Date/Time: 6/19 06:40Shortby ronlobo0