In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiate a short.
UK100 was trading in bearish parallel channel and finally breakout of channel with strong bullish impulse and also produced bullish on 4H TF. Will these confluences help the instrument for its bullish trajectory?
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiatie a short.
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
UK100 / 1D hello traders, welcome back to another market breakdown. FTSE has been reversing down from the All time high, the price probably has finished the pull-back phase, I'll be looking to feed the next leg lower on any spike up. Trade safely, Trader Leo
The FTSE is moving again. We see a potential long trade for today (against the higher timeframe direction).
The FTSE is moving again. Depending on what the market gives us, we see a potential long trade for today (against the higher timeframe direction).
The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly and daily. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
UK100 - 24h expiry Previous support located at 7550. Previous resistance located at 7600. Trend line resistance is located at 7630. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 7630 (stop at 7660) Our profit targets will be 7530 and 7525 Resistance: 7600 / 7630 / 7650 Support: 7550 /...
Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.
A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly, daily, and 4h timeframe. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.