UK100 a dividend house and boosted by Oil Stocks but now hedge funds turned from buying to short on oil stocks and they doing in mid winter season. We knows UK economy doing worst in decades and it's hard to hold this index up.
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 /...
i tried at 1 hour time frame for sell option but dxy movement changed the option but weve still same sell opportunity aviable who can wait,as you can see like a last week market just doing nothing until fed or infilation announcment which is not reral factor to move market just give us a more volatilty thats all the end of the day market still going to where to...
Right now the FTSE is in a sideways consolidation range since early this year.
On the larger side it's forming somewhat a Descending Triangle with lower highs and same lows.
On the short side, it's formed a W Formation with short lived upside coming.
This is a great range bounded setup and for those who are short term traders, there are buying opportunities...
Traders 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...
A picture tells a thousand words.
Let's learn to read the picture.
Price is seeking value and creates a pattern.
Small value areas form within a bigger value area.
Trading opportunities arise at the outer edges of the bigger value areas
target at the control line.
The trend will change if the price starts making HH, HL, LL, LH.
It will then start to form a new...
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 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...
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...
Squeezed
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...
FTSE - 100
Symmetrical Triangle
Price broken down and showing momentum picking up
RSI is below 50 and is making lower highs - BEARISH
BEARISH target 6,256
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...
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.
Trade Idea: Selling FTSE100
Reasoning: Intraday Bullish Flag on CADCHF
Entry Level: 6853
Take Profit Level: 6700
Stop Loss: 6928
Risk/Reward: 2.04:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis ,...
Cup and Handle on BP Plc
Breakout confirmed.
Target £563.00
Also the RSI has broken out of the down momentum and picking up.
Only concern is the left part of the cup is not touching the brim entirely.
Still going long.
