UK100 has created a sell profile again. Note: This is a second entry after the initial longterm entry.
Don't forget to click on the follow button for more daily detailed analysis. Also if you have any questions please do ask them! We were previously looking short on the FTSE and our targets were hit. We are now looking long as we fall to comfortable support. The FTSE was knocked by sentiment around the current covid news and it's affect on the UK economy from a...
For more daily detailed analysis, don’t forget to click on the following button. Also, please ask any questions you may have and I will be happy to answer them. Recently, we looked long to our current targets. Sentiment from the CB meeting drove price nicely up. We can now look short as we approach our TECH short zones.
For more daily detailed analysis, don’t forget to click on the following button. Also, please ask any questions you may have and I will be happy to answer them. We recently went short on the FTSE and targets were smashed yesterday. Currently, COVID news sentiment and high inflation reports are moving this asset. In the very near term, the news will likely give...
The FTSE 100 index is well placed to extend its recent run higher ahead of the Bank of England’s decision on UK interest rates next Thursday. Once seen as almost certain, a rate hike has become less likely because of the spread of the coronavirus Omicron variant. That’s positive for UK stocks even though the Government has already responded by tightening the...
Don't forget to Click on the follow button for more daily professional analysis. Also if you have any questions, please do ask them! Here we have our updated FTSE 100 chart. We are looking long on this bounce at higher TFS. MA's are creating a good profit margin and we are UP trending. Remember we want to trade with the current flow of the market at any time.
Short-term Elliott wave view in FTSE suggests that the rally to 7404.31 high ended wave ((1)). Down from there, the index is doing a pullback in wave ((2)) to correct the cycle from the 10/28/2020 low before the upside resume. The internals of that pullback is unfolding as Elliott wave zigzag structure where initial decline to 7198.76 low ended wave 1. Then wave 2...
Don't forget to click on the follow button for more daily Professional analysis. Also if you have any questions, please do ask them! Here we have our FTSE index. We are still looking short as price returns to previous highs. Price is now stalling on the current news sentiment and has room to fall. We are shorting down to a comfortable area of...
Don't forget to Click the follow button for more daily professional analysis. If you have any Questions, please do ask them! Here is our FTSE chart, Similarly to yesterday we are waiting for some sentiment to RE kick in. We should see a fall back to more reasonable areas and comfortable support. Target is labelled with our directional arrow.
Traders, FTSE (UK100) completed a huge bearish W pattern which gave us the level 7339. (See the attached idea). It missed the an important pre-covid level where we have a gap left. Last time it came very close and fell down for an initial reaction to create a bear trap. Now it will most probably try again to close that gap up and collect few stop losses around the...
Don't forget to click the follow button for more daily professional analysis, Here we have our little unchanged UK 100 chart. The current rally and market sentiment has driven this asset back to recent highs. Price is way too high now and at sell zones we formerly discussed. We are now looking short back down to former Support and our Key MA's.
GBP NZD has been in a steady uptrend for about a month now, currently trading around the 1.948 levels. However, the price was unable to pass above the October 11th high of 1.97 which was a key level. The RSI indicators on the daily time frame show price are in overbought regions at the moment. The UK PM plans to hold an emergency press conference today regarding...
Today at 5:30 the UK PM will be announcing a "Plan B" covid plan for the coming weeks after the emergence of the new Omnicron variant. Depending on the plan it's possible for Sterling and UK stocks to plummet if the news is bearish. The RSI indicators on the 4hr chart have just started to edge down from its overbought regions (85) indicating that there is room to...
Don't forget to Press the follow button after reading for more daily professional analysis, Here we have our FTSE or UK 100 chart. On the current positive news sentiment around the omicron variant, we have seen a huge rally. We are looking short at we approach recent highs. Short TGT noted by the directional arrow.
Key level reached which is an ideal area to sell with a tight SL. Goodluck
Good Morning, afternoon and evening traders! Don't forget to click the follow button after reading my post for more expert daily analysis. Here we have our frequently traded FTSE 100 chart. We are up on the day from current UK market sentiment attacking some key resistance. We are looking for an intraday short this morning back down.
For more detailed analysis, don't forget to hit the like and follow button. Here we have our UK 100 chart. After our targets were hit yesterday we are now looking short for intraday gains. We are already seeing some price rejection at recent 1H highs and looking for this to continue.