Trade_Journal

I am still bullish FTSE!

TVC:UKX   UK 100 Index
It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility .

Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out for the FTSE it's a great buy at the areas of 5850! Let's hope they did listen to advice and if not - there's always chances in this beautiful market we've had this year! Let's hope to make plenty of pips for the end of this year and start the next year with great optimism within ourselves!

Let's get onto the technicals:

Pattern - Bullish Flag target area: 1.618
Resistance: 6860 & 7035
Support: 6140 & 6040

My target - 6800-7100 Areas!

One of the major investment banks did even announced UK assets are undervalued within options check out Rolls Royce has been a great trade to take as well!

Fundamentals to keep in mind: Brexit and what the indices has a large portion of companies energy based. Although, my target for Crude is 55 area.

All the best,

Trade Journal
Remember: Just a trade idea, not a recommendation
Comment: Also, another market to keep a look out - for more of a small cap FTSE 250 for bullish momentum continuation.

Comments

Also, another market to keep a look out - for more of a small cap FTSE 250 for bullish momentum continuation.
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what makes you think the aggregrated price of 100 distinct, diverse UK companies cares about lines on a chart?
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@barryabs, This is the way I trade, watch and learn! :)
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barryabs Trade_Journal
@Trade_Journal ok, i'll watch.. personally I trade almost entirely on macro fundamentals, i don't even look at price or technicals until I'm ready to put a position on..
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@barryabs, Ah, now that makes sense! We all have different ways of trading, that's what makes our job interesting. Have a great day ahead.
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