UK100 D1 Lots of big daily timeframes here, swing positions are certainly looking attractive across and commodities, indices and FX. 7720 is our anticipated sell zone.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
UK 100 index has shown weakness on hourly chart this is further augmented by the Divergence on RSI indicator. To milk the opportunity a trade plan has been devised. So you may utilize the opportunity.
- The UK economy is weighed down by the weak UK economic data, the dovish Bank of England (BOE), and the political and fiscal risks in the region. The UK inflation remains well above the BOE's target of 2%, while the growth outlook is clouded by the Covid-19 variants, the energy crisis, and the supply chain disruptions. The BOE is expected to maintain its...
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
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.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y.
UK100 Index Long Trading Opportunity 1. The price closed above the Trend Magic Indicator line. Strong long signal. 3. Vortex will cross and indicates strong uptrend signal. 4. Retail trader data shows 64% of traders are net-short. Strong contrarian long signal. SL - below the Trend Magic Indicator line or Vortex indicator change trend direction signal TP1-...
Hey guy Plan UK100 11-15/10/2023 Sell UK100 7639.15 STOPLOSS AND TP as picture . R:R 1:6 Good lucky everybody -------------------------------- Best regards.
UK100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 7551.55 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 7592.01 which is a level that sits above the 61.8% Fibonacci retracement level. Take profit is at 7465.61 which is a pullback...
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y.
UK100 is getting ready for agin big bull run just go with proper confirmation . good luck
Triple Bottom seems to be forming on FTSE100... Could it be showing signs that it wants to rally for the rest of the year? If so, we need to wait for the price to close above the neckline before acting. Other indicaators also show it's too early, but things can change. So we'll keep our eyes peeled. Price <200 (Bearish) 21>7 (Bearish) RSI<50 Target 8,280
UK100 D1 Little reluctant with stock indices for the moment, but certainly going to push a few forecasts out. 7600 sell zone looks attractive on the basis of this 7600 psychological price, daily resistance and daily supply price. We could start to see rejections here, failing this, a break upside could lead us to 7700. Another attractive sell zone, which...
UK100 - 24h expiry There is no indication that the rally is coming to an end. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7550 will confirm the bullish momentum. The measured move target is 7650. We look to Buy at 7500 (stop at 7450) Our profit targets will be 7620 and 7650 Resistance: 7550 /...
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
The trend on FTSE has been down and there is a chance to sell this further. There is a harmonic pattern and the H4 and D1 are pointing downwards. The only worry is the H4 reversal at the bottom.