UK 100 - Trend Reversal - Bearish to BullishThe bearish parallel channel has been broken on 1H timeframe. Looks to be going bullish now. Trade safely with breakout of previous Lower High.
UK100GBP trade ideas
Plan UK100 22-26/10/2023
Hey guy
Plan UK100 11-15/10/2023
Sell UK100 7538.83
STOPLOSS AND TP as picture .
R:R 1:8
Good lucky everybody
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Best regards.
UK100GBP support has been clearly broken.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 / 7650
Support: 7540 / 7490 / 7460
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Has UK100 turned positive?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 / 7600 / 7650
Support: 7525 / 7500 / 7450
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
uk100 sell trade
- 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 ultra-loose monetary policy and its massive asset purchase program for longer, which would weaken the pound and reduce its yield advantage over other currencies.
- The US Dollar is boosted by the robust US economic data, the hawkish Federal Reserve, and the safe-haven demand amid the global uncertainty. The US inflation remains elevated at 3.7% year-on-year in September, while the growth outlook is supported by the fiscal stimulus, the vaccination progress, and the consumer spending. The Federal Reserve is expected to start tapering its quantitative easing program and raise interest rates sooner than previously anticipated, which would strengthen the dollar and increase its yield advantage over other currencies.
UK300GBPThere 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 Index Long Trading SignalUK100 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- 7750
TP2 - 7920
Keep It Simple and Always Trade With the Trend!
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UK100 H4 | Heading into 50% FiboUK100 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 support level.
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Is the FTSE100 setting itself for a rally?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 - Short SetupUK100 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 measures 9R from 7700 to 7260.
