Setup: Squeeze breakout Trade rating: 4/5 Reward: risk: 3:1
Truedge traders believe that price action is the best approach to trading because it allows them to interpret market movements and make decisions based on the raw price data. Indicators can add unnecessary complexity to the trading and may even produce misleading signals. OANDA:UK100GBP
I don't know what to tell you folks I'm seeing patterns from 2008. OANDA:UK100GBP TVC:UKX FOREXCOM:UKXGBP NYSE:DOW Not only will Global markets be affected this will create a recession. INVEST IN BTC www.marketwatch.com www.marketwatch.com
Some very quick analysis of the FTSE100 - Could we see a double top form at this level? If it does remain bullish we would need to see a retracement soon so this may be a great opportunity for a short term sell on this asset!
Very good match to price/action earlier in the year. We are now at Jun 8th.
Looks like a good short from here. As always however, it depends on $GBPUSD.
Potential for a FTSE100 short position. All time high for this index with price resisting to break 7350.00 area in january 2017. Channel forming in 2017 with prices again trying to break the 7330 area. Number of spinning tops/doji candles on the 4 hour timeframe and ma looking to cross back hinting a reversal and price drop down to 2017 support @ 7100 region.
Bearish divergence on 4H chart. GBPUSD up 120 pips from 1.22 lows. Target: missed weekly pivots at 7040, 6970
The FTSE 100 is trading near 6950, up more than 1200 points from the post-Brexit low of 5727. Fundamentally, this is because of the sharp fall in Sterling. However, technically, the FTSE 100 may be due for a correction. It has relentlessly traded upwards, however: 1) There is strong resistance to be expected at 7000, a psychological round number. 2) There is...