Out of all the indices UK is the last one to full recover from Covid Short. There are a number of factors which caused this slow recovery 1.Brexit 2.Multiple Lockdowns I'm sure others can think of many more. Based on this I have a strong long biase I am looking for some form of retracement to enter and continue to the high pre covid with December fast...
Once again at the top of the channel. Bearish RSI divergence continues. Good RR for a short
Today we have seen A further attack to the high's followed by a short drop.. We are now approaching our MA's and are looking to start getting long on this PB. Any further dips we shall buy again. If we approach the high's again we can go short. The margin between these positions is fairly small at the moment but will change as we dip further.
Stocks getting hammered with this risk off mood and although it might not be the time to go bottom picking, I certainly don't want to miss out on this dip. As things stand, the UK is set to open up in the coming weeks, vaccine roll out continue to be a success, and therefore I am adding some FTSE100 to the list of things to buy. Long - 7030 TP- 7300 SL - Nothing...
FLTR has risen greatly after the pandemic, growing to new heights quickly. We have now had our dip back to support and are looking to take this long. Strong Technicals Combined with strong fundamentals make FLTR an excellent long trade to take. Now is a good time to buy your shares in FLTR as we see a move back up to the highs.
Index has reached the top of the upward channel. I would expect to see a pullback here. RSI has failed to make a higher high in line with the price action, indicating divergence.
We are using our POW reversal strategy for this trade a UK100 long. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too...
We hit target out the gates this morning, but the subsequent bounce has offered another opportunity to re-short. Stops at 7255. Targeting initially 7190, but would like to see 7150 tested. Month end today so volatility not unusual.
Index has broken upward sloping support and has been consolidating below prior support for the majority of the day. I favour further downside - looking initially for 7180 region.
Trade details for current trade are shown on the chart. Trade has been live since 8:45 UK time and we are using our POW reversal script. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Previous trade can also be seen on chart a...
Traders, We have been watching and trading FTSE 100 (UK100) for a long time now. After a huge consolidation it broke out and started to move upwards. It is not on its path to a critical level where we complete a good W FCP Pattern at pre-pandemic level along with a price gap. This should make the index fall. So we have great long and short opportunity ahead. Long...
price created a big bull flag to the upside I was looking for shorts earlier because of the fundamentals but further technical analysis I saw a move the upside was clear after a 1H low-test candle stick formation. with a 30pips target and a 14pip stop just incase the fundamentals change the direction.
Trade details for current trade are shown on the chart. Trade has been live since 7:15 UK time and we are using our POW reversal script. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Previous trades can also be seen on chart...
Followed by news for less than expected inflation expansion in the UK and an hourly uptrend since 6 Oct, FTSE is expected to retest POST-COVID highs. Technical analysis for fibbonaci extensions levels and Elliot impulse wave, suggest that a final extensions WAVE 5 is expected towrd 127.2% extensions of current trend. (7335.1) Open Position at100% breakout...
Morning traders we start the week with an UK100 trade. Trade details for current trade are shown on the chart. Trade has been live since 7:15 UK time and we are using our POW reversal script. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line...
Taking some profits here as we hit resistance. Will looking to start accumulating again if/when we re-test 31. I was overweight the ETF ahead of the divi so happy to go slightly underweight here
Massive push higher this week on FTSE and RSI looking very overstretched on shorter time framed charts. Good place to take profit on long positions or alternative a small short position with a tight stop. Would like to see the 7060 area re-tested
Hello everyone, I hope you are all doing amazing! We are currently sitting at the resistance of the channel we have formed on the Daily. There are 2 support levels to look for on the chart, where if Short position is taken, may be used for TP. Wish you all good luck!