UK100 Bearish Trend aheadThis Daily time frame shows the up coming down trend expected along with resistance and support levels. Good opportunities to short along the fib levels. Take your trades accordingly.
UKX trade ideas
UK100 GBP Falling trend, DOJI candle, dropping volume- SHORT!UK100 GBP Falling trend, DOJI candle, dropping volume- SHORT!
This idea is based mainly on the trend line. The price has reached the edge of the trend line and we can see a doji candle formed at 1D interval, also look at the dropping volume, I would say the correction has ended and the price is just about to drop, which would be in line with the recession we are experiencing but still fooled it's all fine and market is strong :D
The s/l above the trend line and the wick of the doji candle, t/p at 7100 being the support level and Fib 0.5
This is not a trading advice, just an idea, do your own research before you trade it, always protect your capital with a s/l
UK100 Our Entry : 7372.1 to 7483.3
🟢Take profit:
T1: 7169 (Sell 50%)
T2: 6992.7 (Sell 25%)
T3: 6802.2 (Sell 25% )
move stop lose to entry price after hited 1er target
UK100 SELL POSITION uk100 in down trend
resistance level
trendline line
confirmation candle hanging man plus sell candle
which mean buyer convert into sell
so we can sell it
FTSE 100: LSMIFLSMIF FTSE 100 chart
A quick look at the live price and graphing of the FTSE 100, to have a look at general market sentiment.
UK 100 remains range bound in larger perspectiveAll those who love to trade UK100 need to see the range bound activity of index between 6700 to 7700. For a very long period of time it has been moving with in 1000 points range and this could be the signal of any big move in coming period if it moves in any direction with big volumes .
But until unless it doesn't clear out this area best strategy to trade is buy at 6700 and sell at 7700 and wait for major breakout .
UK100 - 1DQuite a lot of information. Reverse head and shoulders, descending triangle (symmetrical price ranges on break up/down) , Gartley and Fibs
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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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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1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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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
