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.
#UK100 Observations: - Monthly and weekly charts indicate weakening bullish momentum. - Significant resistance encountered at a key level suggests a potential reversal. - 61.8 Fibonacci retracement zone identified as a logical downside target. Trade Idea: - Short position on the #FTSE. - Place stop-loss above recent swing high. - Primary target: Previous swing...
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.
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...
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!
Place buy stop above trendline on UK100 or wait for trnsline to break to get entry. Manage your risk accoring to account size.
An interesting setup may have formed on the FTSE 100 daily chart. It has seen a strong rally from its October low and since produced a relatively shallow pullback from the 7600 resistance zone. The RSI (2) was oversold on Thursday and curled higher on Friday, which closed the day with a Spinning Top Doji candle to suggest a swing ow has formed. Furthermore, the...
Hello guys. According to the higher timeframe of this index (1D), the trend is forming a falling flag, which might be a strong indicator of a bullish momentum. According to the lower timeframe(1H), there is a formation of a falling flag, which has been completed and the index has broken out of the trend forming a bear trap. I anticipate that the price might...
📌UK Inflation is at a ten year high. The central bank is have meeting on Thursday,- to decide if it’ll tighten its monetary policies and raise rates in the face of rising inflation and a labor crunch. Technically based bearish continuation expecting. 💡 UK100GBP technically based idea, we can see price is on SUPP zone, CHANNEL pattern visible, technically...
DISCLAIMER 1) You should consider your own Risk:Reward ratio and do proper lot sizing according to your margin and leverage level. 2 ) Not every idea is a valid trade. Some are pending orders. 3) This analysis is just a trading idea, not a trading signal for you. 4) My own trend direction estimation, entry point, stop loss and take profit levels are shown on...
simple buy setup. stay bullish till 7500+ good luck.
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 UK100GBP technically based idea, we can see price is bounce from top trend line, technically indicators...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 UK100GBP technically based idea, we can see price is bounce from bottom trend line, two bottoms visible,...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 UK100GBP technically based idea, we can see price is bounce from bottom trend line , technicaly indicators...
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you. My own trend direction estimation, entry point, stop loss and take profit levels are on the chart. Please like, comment and...
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you. My own trend direction estimation, entry point, stop loss and take profit levels are on the chart. Please like, comment and...
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you. My own trend direction estimation, entry point, stop loss and take profit levels are on the chart. Please like, comment and...