Seems to me that bulls were a bit hasty first time we tested the buying zone and not everybody had a chance to get in. This can of course be viewed as a presence of strong bullish mood by those who are willing to long below 5 990.
Goldman sachs signal to buy this stock is being approved by technical analysis, position opened at 199, whats yours ? any comment ?
The FTSE100 price has been bouncing nicely inbetween a channel. Price action is currently outside of the channel and if it breaches the highs, then we could be going higher. Otherwise, if price falls and closes back into the trend channel, it's a big move down!
Clearly in a bear market, China slowdown, low price of oil, FTSE in a channel, debt defaults starting (Italian banks).
It is clearly that all stock markets are still in a down trend and heading to new lows after a small correction to the upside. Apparently the reason behind this upward correction might be caused by the upward correction in oil too. We recommend shorting stocks instead of buying dips for now.
FTSE 100 another scalp tonight simple setup up low risk
Hi guys first trade ive put up on here. just testing out my strategy. ENTRY@ 5898 Im a young trader tomtrader.
MACD Histogram breached upper side as well as the chart candle breaking the trend. However it seemed to have broken in previously but carried on pushing towards the lower side. But with this situation, the previous 3 surges were very strong green bars + closes. It took a lot of Bear bars to overwhelm 1 or 2 Bull bars. Also due to the feds most recent news it seems...
Possible Bearish Cypher, R/R looking good so going to give it a crack anyway!!
It seems a point of inflection. Happy trading! ________________________________ TRADE WITH INSIDEMARKET! Please, contact via PM, email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
An inverse head-and-shoulders pattern has formed on the FTSE, with a projection of around 200 points, which would pull it towards the 6900 handle. This leads me to believe that market makers are looking to clear out the stops that will be resting above the 'double top' before any further move down in the index. 6921 is the 70.5 OTE fib retracement from the 10th...
RECOMMENDATION SELL SUPPORT level of 1057 TARGET 1047 STOP LOSS 1067 CHART FORMATION:- Stock is trading in a range and line will lead to downside movement. Stock is trading near the 50 DMA with negative bias. INDICATORS:- RSI is trading near to 49.60 level with negative bias, in upcoming session downside movement is expected. MACD and Signal line is...