UK100 recently make a nice bullish impulse and seems like fail to maintain it. Currently the instrument is looking for Right shoulder. If it successfully form HnS then we are looking for 7550 followed by 7500 to downside.
UK100 - 24h expiry - We are trading at overbought extremes. Short term MACD has turned negative. A break of 7800 is needed to confirm follow through negative momentum. Short term bias has turned negative. We look for losses to be extended today. We look to Sell a break of 7799 (stop at 7838) Our profit targets will be 7701 and 7681 Resistance: 7835 /...
UK100 - 24h expiry - Previous support located at 7740. Previous resistance located at 7800. We are trading close to the end of an ascending Ending Wedge Formation. We expect a reversal in this move. A move through 7740 will confirm the bearish momentum. We look to Sell a break of 7740 (stop at 7820) Our profit targets will be 7560 and 7550 Resistance:...
adding up to the previous idea on uk100 which didn't play out as I forecasted, so new idea after price tested resistance at 7636 i will shorting tp @ 7465.9 sl @7655.5
price has been ranging between bottom resistance @6780.2 and top resistance @7917.9 on a daily timeframe. 0n the 1hour timeframe there is a small resistance at 7636.6 which price retested in an ascending channel. On the 15min there is a flag which I'm using as entry with stoploss at 7661.7 and take profit at 7465.2
UK100 - Intraday - Previous support located at 7600. Previous resistance located at 7650. Price action has continued to trend strongly lower and has stalled at the previous support near 7500. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look...
Hi there. Price is moving impulsively to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Previous support located at 7950. Previous resistance located at 8000. The correction lower is assessed as being complete. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 8006 and 8024 UK100 - Intraday - We look to Buy at 7926 (stop at 7894) Resistance: 800 / 8050 / 8100 Support: 7950 /...
In this update we review the recent price action in the FTSE and identify the next high probability trading opportunity and price objectives to target
UK100 - Intraday - We look to Sell a break of 7899 (stop at 7943) Previous support located at 7900. Previous resistance located at 7975. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Price action looks to...
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...
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 /...
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...
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...
Entry at 7570 Stop Loss at 7490. Targets - 7650, 7730, 7810 Remember, risk 1-2% of your account and VAMOS!!
The index has retested the upper trend line of the falling flag, after the breakout. I anticipate that the index will continue with the bullish momentum since the client sentiment indicate that there are more than 70% of the traders are bearish, a major indication that the price might move reversal of that. My entry point is 7570, my targets are 7650, 7700, and...
I love this chart, so different but yet so technical. Parallel channels, crossroads. Trend Based Fib extension used from low to high to low. Retracement to fib 0.618 if losing 0.382. Continuation on the green spider web channel up with resistance at red 0.382 (middle of the channel). Should the trend continue, will be looking at fib above at 0.618. I like it.
Reverse Cup and Handle has formed on the FTSE100 7 >21 >200 - Bullish Target 7,890 Also we have the medium term downtrend broken up for the first time and so bullish momentum is kicking in.