Setup: Squeeze breakout Trade rating: 4/5 Reward: risk: 3:1
UK100, the price is in the strong resistance zone 7880, expect the price to drop, sell the red zone, the first target is 7663.4, if the price breaks through. Next targets 7545 and 7393.6 >> GooD Luck 😊
FTSE100 (UK100, UK stocks index) been laggard for many years in comparison with many of it's peers. Now it seems the UKX will finally make new all-time high🍾 and will go even higher. I think we are in continuation move up after breaking out of the consolidation in form of triangle. Target @ 9090 being measured move - height of the triangle projected from...
The majority of traders have been short on this market since the3rd of November and currently 92% of traders are selling. In combination with the price moving upwards, this creates a bullish indicator. We can see how they get it wrong all the time, This market is very aggressively heading higher. A pullback would be welcome
Reason for taking this trade - overall bullish trend - daily resistance broken and turned support - 38.2% and 50.0% fib confluence
Value/ uk100 been over pumped only 4% off ATHs. commods have pumped it higher, global recession will SMOKE this. also any continued weak inflation = growth trade back on = ppl dont want value = uk100 dump. SHORT: TP -20% SL 8000 (multiple closes above) 4/1RR worst case. 7640 7700 7800 7900
Following Trendline Since Longtime And Making New Lows Now Expecting Test Of Trendline Horizental Resistance + 200 Sma If Got Cleared Than Official Uptrend Will Start Well For entry Wait For Breakout And Retest Then Can enter Stoploss will Be Updated After Breakout and Retest
Comment : 1) UK100 has fell below Neckline A and closed the week at 7018.61. Although UK100 has BO the neckline for several times before, but those one still able to close above the neckline. Unless UK100 could rebound to above Neckline A, else it would face another round of downturn below the neckline. Support & Resistance : R : 6355 +/- DISCLAIMER :...
FTSE 100 has recently experienced golden cross on 1-day charts. Resistance in 7600s was surprisingly easily bypassed Friday / Monday, and 7700+ was comfortably reached again post uneventful JP speech. Is this a bullish cup & handle on 15 minute, suggesting push towards 7800? Or will the FTSE face trouble with upcoming earnings this week, given last nights data...
UK100 is in an uptrend. Expect the price to test the resistance 7721, if the price fails to break through the resistance 7721 red zone, consider selling positions, first targets 7545.6 and 7393.6 >> GooD Luck 😊
UK100 - Intraday - We look to Buy at 7525 (stop at 7495) Previous support located at 7525. Previous resistance located at 7600. Broken out of the channel formation to the upside. Risk/Reward would be poor to call a buy from current levels. A move through 7600 will confirm the bullish momentum. Our profit targets will be 7605 and 7635 Resistance: 7600 /...
🇬🇧 UK100 Direction North 🇬🇧 Today's strong breakout of the main British index has opened a great opportunity for the possibility of a continuation of the upward trend. 🇬🇧 The price at the opening of pre-session trading last night slid to the support zone determined by the 0.236 level of the entire upward wave. Then there was a strong breakout and at the opening...
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The FTSE100 index (FTSE100) has resumed its bullish trend since the October 13 bottom after hitting both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) on December 20. In fact, against all odds during this inflation crisis and in contrast to its heavy stock index counterparts, it is about to close the year in gains (if it stays above the 7420 level...
UK100 Can Fall (FTSE100) Harmonic pattern Supply zone Previous ChoCh and BOS
Uncertainty of trade relations with the EU dealt a big blow to investment and business, which in the third quarter was 8% below pre-pandemic levels. Although, the trade deal between the UK and the EU has been ongoing for two years. The UK's decision to leave the European Union, known as Brexit, has had a major impact on the UK economy. Brexit has been a drag on...
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
UK100 - Intraday - We look to Buy at 7460 (stop at 7412) Previous support located at 7450. Previous resistance located at 7550. Further upside is expected although we prefer to set longs at our bespoke support levels at 7450, resulting in improved risk/reward. A move through 7550 will confirm the bullish momentum. Our profit targets will be 7570 and 7600...