UK100 - 1DQuite a lot of information. Reverse head and shoulders, descending triangle (symmetrical price ranges on break up/down) , Gartley and Fibs
UK100 trade ideas
Buying UK100 at previous resistance.UK100 - 10h expiry- We look to Buy at 7201 (stop at 7139)
Previous support located at 7250.
Previous resistance located at 7300.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7300 will confirm the bullish momentum.
Our profit targets will be 7349 and 7399
Resistance: 7300 / 7350 / 7400
Support: 7250 / 7200 / 7150
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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.
FTSE100 to collapse -2.92% on 7052One-hour chart of FTSE100 indicates a powerful selloff in FTSE100 stocks of at least -2.92%.
Investment funds and equity funds will probably dump with full force FTSE100 stocks considering the prospect of recession.
The MACD oscillator already formed a double-top and sell signal, the FTSE100 would have to drift down on the 200 m.a. FTSE100 7052 points.
$FTSE (UK100) Is Targeting All Time High As Bullish TargetTraders and Investors, FTSE is one of the best resilient indices which had one of the lowest impacts in last few months as compared to bearish US indies. Now last couple of weeks it has been making its move upwards which can set its trajectory to retest the previous high one more time. This can happen if the trend line and that FIB level is cleared.
This is looking increasingly bullish now.
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Break out on 4hr chart close above resistanceI have 2 targets
the one on here is the first target
I would trail the candle lows with a stoploss for my second target
FTSE SELL OPPURTUNITYFTSE SELL OPPURTUNITY
FIBONACCI CONFLUENT AREA FOR SHORT TRADE IN FTSE
and harmonic analysis for this trade setup
FOCUS SELL ON YELLOW LINE
STOPLOSS ON RED LINE
TP ON GREEN LINE
GOODLUCK
FTSE 100 - Which opportunity?The FTSE 100 is currently in a very interesting pattern initiated in May 2018. Since this date, regularly, new tops have been formed (4 in total this year from February), combined with an uptrend initiated in March 2020.
It is a long term pattern clearly visible in the Daily, Weekly and Monthly charts. RSI and MACD also confirm the all recent moves.
Recently, in the second half of September, the index broke the uptrend from above accompanied by stronger volume in what is a strong sell signal, with an potential to go as low as 4,300 points.
However, after quickly losing 500 points, the FTSE 100 is now back on the rise and this is where it becomes interesting.
Two scenarios are therefore possible:
1. the Index will test again the uptrend line around 7,300 / 7,400 points before confirming the downtrend.
2. the Index will carry on upward and finally break the resistance at 7,600 and aim for new a historical high, with a potential view to hit 10,000
The next few days will decide
SHORT THE UK FTSE 100 The UK100 has been range bound since BREXIT, with some price action discipline a great long term profitable trade we've enjoyed for over a year. The orderflow has been perfect when matched with price action queue's when to enter the trade and exit the trade.
But recent uncertainty in the UK economy (thanks to excessive borrowing and reduced taxation promises) and a strong DXY has increased the volatility to the downside and we're expecting further breakouts towards the previous 6,000 lows with some excellent risk return ratio's.
FTSE 100 CRASH THIS HALLOWEEN Rishi Sunak is shutting down domestic energy production just when the UK needs it most, in order to fulfill the Net Zero objectives of King Charles.
This will crash the economy because energy prices will continue to escalate and alternative means to produce energy are forcasted to cost the UK £3 trillion between 2030 and 2050 according to the National Grid.
In the EU, a solar manufacturer has suspended production because energy prices are so high, therefore Net Zero is unachievable as it is too uneconomic and impractical to acheive in the UK.
Expect further offshoring and shutdowns of businesses due to rolling blackouts soon.
Price target for the expected cipher pattern is around 4756.
Buying UK100 at market.UK100 - 10h expiry - We look to Buy at 6965 (stop at 6905)
Previous support located at 7000.
Previous resistance located at 7050.
Further upside is expected although we prefer to set longs at our bespoke support levels at 6965, resulting in improved risk/reward.
A move through 7050 will confirm the bullish momentum.
Our profit targets will be 7115 and 7125
Resistance: 7050 / 7100 / 7125
Support: 7000 / 6965 / 6925
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.
Investment funds will dump FTSE100 stocks The FTSE100 can be defined as the worst equity index globally, listed companies in the FTSE100 are insolvent such as LLoyds Bank, a completely insolvent bank, where the stock price reflects investors having dumped Lloyds shares plugging a hole in the bank shareholders' reserves, that means Lloyds bank it's completely insolvent. All bank stocks listed in the FTSE100 have insignificant stock prices as a sign of shareholders' equity in the bank being run down and withdrawn by investment funds, which means UK banks are potentially insolvent, but for sure UK banks are illiquid and without any balance-sheet reserves.
Most of FTSE100 listed companies have irrelevant balance sheets and don't pay dividends, the worst money proposition ever seen for investment funds, UK stocks are an absolute liability.
Large Investment Funds and market makers are going to dump the FTSE100 with full market power, the UK index hasn't provided any profitable return for decades, the worst financial proposition in global markets.
The FTSE100 could be dumped by a -32% down to 4750
UK100 Long: Symmetrical Triangle Breakout Overall Uptrend on 1 Day
Symmetrical Triangle on 4hr and 1hr
Enter on breakout
Strong reversal in FTSE!Trade Idea: Buy UKXGBP
Reasoning: Bullish Marabuzo on weekly and inverse head & shoulders
Entry Level: 6942
Take Profit Level: 7032
Stop Loss: 6912
Risk/Reward: 3:1
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FTSE 100 Stock Index trading near top end of the price channelSqueezed
UK retail sales fell hard in September, higher cost of living hitting the pockets of consumers
UK recent economic data highlights
The drop in UK retail sales indicates that consumer spending slowed in September; actual -1.4% vs -0.3% forecast
Highlights little signs UK household spending to pick up soon as higher prices push consumers to become more careful about spending
FTSE 100 Stock Index trading near top end of the downward price channel
UK100 Index: current price remains vulnerable towards the downside, although price has traded slightly stronger since touching the 52-week low at 6,713 last week momentum indicators seem to suggest further price weakness ahead for the index
Scenario
(a) Price fails to consolidate above it’s 10-day very short term moving average around (6,900) which exposes a re-test of last weeks low near 6,713, and if the 52-week low fails to hold a further extension lower towards 6,400 (2.618% lower extension from the August highs - September lows)
(b) Price breaks out of the downward price channel (chart 1) and makes a move toward the upper 7,180 resistance
UK 100 ForecastThe higher low above 7080.80 will be significant for what may happen in momentum. The next candle is potentially weak, so a retracement is possible. However, if the price falls below the lower low, the setup becomes invalid.
High risk, -bullish interests.
Happy Trading
UK FTSE still at correction mode FTSE will launch a bullish rocket soon stay tuned,and any question please comment below
Good luck and have safe and profitiable trades
UK100 price action forming a bottom?UK100 - Intraday 9pm UK time - We look to Buy at 6850 (stop at 6790)
Previous support located at 6900.
Previous resistance located at 6950.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
Bullish engulfing has been posted recently.
Our profit targets will be 7000 and 7050
Resistance: 6950 / 7000 / 7050
Support: 6900 / 6850 / 6800
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 approaches Yearly Low Watching FTSE 100 as it approaches the yearly low @ 6760. The market has been slightly more resilient than its counter parts due to the decentralised nature of the companies that make up the index, however breaking the low would be a significant moment and could spell further downside.
There are levels to watch below this but we need to reference the Covid drop and recovery so I would anticipate a large flush down on a level break before we stabilise.
Short UK stocks until the red line support is met.Every time the short term support line is broken the FTSE100 index has always reverted down to the red long term support trendline.
Therefore, it is sensible to assume that this will be the case again. A buy target of 5000-5500 is reasonable, however if the index drops below 5000, all bets are off.
