UK100 H4 We pushed just shy of 1R on this setup after it was shared yesterday. Still holding this at around +10 points. Slow burner but when we crack, we will crack! Expecting this setup to make its move at some point this week, patience pays.
As described before one of the worst index's to have been exposed to for decades WHILST during rampant #UK inflation The FTSE did nothing to help you out. Yet here we are about to see it get sent to 5 figures.
A BOLD prediction --- possibly to some people But I stand by this chart as a roadmap where I see #UK equities outperforming against the cash cow that has been UK #Housing The how's and what's and why's are unimportant But the key thing is for younger people struggling to get into UK housing Investing in #Stocks #Technology Innovation #AI and #crypto will...
UK100 D1 Pushing the absolute peak of our resistance price here, trading at 7755 ish. A great reward and possible short opportunity. Don’t fix it unless it’s broken, an impulse swing entry here with stops as tight as 25 points. We have been following UK100 for some time now and this range has held for a while. Lets see what unfolds.
As I see it, as long as we stay above 7600-7700 a pump to 8k is a lot more likely as there's evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (7400 or lower).
Hello Traders, Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead. We have 2 Demand Zones, and A Supply Zone. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries! ...
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
UK100GBP - 24h expiry Short term bias is mildly bullish. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A lower correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
We all know the UK needs more houses, and that the ones already built are waaay unaffordable. The scramble to move house in 2021 corresponded with a big rally for building and construction stocks in 2021, admittedly alongside a lot of other parts of the UK stock market. That rally retraced by exactly 61.8% (Fibonacci) in 2022 and STOPPED FALLING. Since then its...
The UK100 has reached a critical resistance level and is showing signs of being overextended, particularly on the daily time frame. I foresee a potential retracement and am currently seeking a short opportunity against the prevailing trend. For a comprehensive analysis of this setup, please refer to my recent video post.
#UK100 Observations: - Monthly and weekly charts indicate weakening bullish momentum. - Significant resistance encountered at a key level suggests a potential reversal. - 61.8 Fibonacci retracement zone identified as a logical downside target. Trade Idea: - Short position on the #FTSE. - Place stop-loss above recent swing high. - Primary target: Previous swing...
My last charts triangle pattern was technically violated. So here's a new one, which lines up perfectly and make that little bit more sense of what is happening. As I see it, as long as we stay above 7200-7400 a pump to 8k is a lot more likely as theirs evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (6700 or lower).
On the Daily chart for FTSE 100, we can observe a massive triangle that was forming in 2023. It started in Februaty and produced a breakout in December. For the past few days the price has been correctign and now it's retesting the resistance of the triangle, now acting as a support. This support is aligning with the 0.382 Fib and the 200 SMA The development on...
FTSE100 D1 Caught in the range between the alluring 7725 sell zone and the steadfast 7275 support price. This range encompasses a substantial 450-point span, bridging the chasm between resistance and support, offering enticing opportunities on both sides of the spectrum. Notably, FTSE100 has been graced with compelling wick rejections, particularly in recent...
US30 is breaking All-Time-Highs. Trend is still Bullish. Market opened with bullish momentum; waiting for retracement to enter long positions. Aggressively enter new long positions once original position is in profit and has found support. Avoid entering new positions if original position is negative. Stop loss placed under bullish breakout.
The FTSE 100 surged in early trading on Wednesday as the latest inflation figures showed consumer prices had risen less than expected in the last 12 months. Headline CPI came in at 3.9% year-over-year in November, the lowest level in two years. Analysts had been expecting the figure to drop to 4.3% from 4.6%. Core inflation also dropped more than expected to 5.1%...
FTSE 100 UK100 trade idea for 20/12/2023 FTSE 100 is in upward channel on daily chart. It broke out of it 2 days ago but came down back inside the channel again. Tomorrow 20th Dec a major catalyst CPI data is released an hour before the market open. This surely will bring major volatility which gives the traders a good opportunity to grab some points if traded on...