As I see it, as long as we stay above 7600-7700 a pump to 8k is a lot more likely as there's evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (7400 or lower).
UK100GBP - 24h expiry
Short term bias is mildly bullish.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A lower correction is expected.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to...
The UK100 has reached a critical resistance level and is showing signs of being overextended, particularly on the daily time frame. I foresee a potential retracement and am currently seeking a short opportunity against the prevailing trend. For a comprehensive analysis of this setup, please refer to my recent video post.
UK100GB - 24h expiry
The correction lower is assessed as being complete.
Further upside is expected.
Short term RSI has turned positive.
A move through 7725 will confirm the bullish momentum.
The measured move target is 7775.
We look to Buy at 7710 (stop at 7670)
Our profit targets will be 7810 and 7830
Resistance: 7725 / 7750 / 7775
Support: 7700 / 7685...
UK100 - 24h expiry
There is no clear indication that the upward move is coming to an end.
The trend of higher lows is located at 7400.
Risk/Reward would be poor to call a buy from current levels.
A move through 7575 will confirm the bullish momentum.
The measured move target is 7620.
We look to Buy at 7545 (stop at 7505)
Our profit targets will be 7645...
UK100GB - 24h expiry
A lower correction is expected.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 7525 will confirm the bullish momentum.
The measured move target is 7575.
We look to Buy at 7500 (stop at 7460)
Our profit targets will be 7600 and 7620...
Now that this index has retested the resistance zone, I am anticipating that this price will have a bearish momentum.
My entry point is 7480, SL at 7540 and TP at 7240. My R:R for this trade is 1:4
Remember, risk 1-2 % of your account.
The index is at a major resistance zone, which has been retested several times, making it weak. Now, the big question is, will it break the zone and complete the rising flag?
Let us wait and see...
This index is forming a rising flag, which might be an indication of a potential bearish momentum.
Also, according to the clients' sentiment, the majority of traders are buying the index - 72%, and I anticipate that the price might move in their favor.
My entry point is 7400, my stop loss at 7480, and my TP at 7230, as my R: R for this trade is 1:2.
Note, risk...
UK100 - Intraday
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 7425 will confirm the bullish momentum.
The measured move target is 7525.
We look to Buy at 7365 (stop at 7315)
Our profit targets will be 7485...
UK100GB - 24h expiry
Price action looks to be forming a bottom.
Short term RSI is moving higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 7400 will confirm the bullish momentum.
The measured move target is 7500.
We look to Buy at 7350 (stop at 7300)
Our profit targets will be 7470 and 7500
Resistance: 7400 / 7450 /...
UK100GB - 24h expiry
Price action looks to be forming a bottom.
Price action has continued to trend strongly lower and has stalled at the previous support near 7250.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7350 will confirm the bullish momentum.
We look to Buy at 7280 (stop at 7230)...
UK100GB - Intraday
Posted a Double Bottom formation.
A break of the recent low at 7328 should result in a further move lower.
Short term bias is bearish.
Trading within a Corrective Channel formation.
The lack of interest is a concern for bulls.
The bias is to break to the downside.
We look to Sell a break of 7319 (stop at 7369)
Our profit targets will...
UK100 - 24h expiry
Short-term bias has turned negative.
Our bespoke support of 7600 has been clearly broken.
Previous support at 7610 now becomes resistance.
Short-term momentum is bearish.
Posted a Double Top formation.
50 4-hour EMA is at 7608.
We look to Sell at 7609 (stop at 7659)
Our profit targets will be 7484 and 7454
Resistance: 7590 / 7610 /...
There is a head and shoulder pattern likely to form. I am waiting for the price to break out at the support zone, then retest it so that we can have a go ahead to place our position.
I anticipate that the price might continue with the bearish momentum.
My intended entry point is 7600, SL at 7630 and TP at 7500, thus R:R is 1:3.
UK100
This has just bounced from the $7400 DEMAND zone created in SEPT, looks like it might come up to test the 50 EMA and I will be waiting for the reaction from there to trade it either way!
UK100 - 24h expiry
The current move lower is expected to continue.
Short term RSI has turned negative.
Rallies continue to attract sellers.
Risk/Reward would be poor to call a sell from current levels.
A move through 7425 will confirm the bearish momentum.
We look to Sell at 7500 (stop at 7525)
Our profit targets will be 7425 and 7400
Resistance: 7475 /...
UK100 - 24h expiry
Previous support located at 7550.
Previous resistance located at 7600.
Trend line resistance is located at 7630.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 7630 (stop at 7660)
Our profit targets will be 7530 and 7525
Resistance: 7600 / 7630 / 7650
Support: 7550 /...
