UK100 H4
We pushed just shy of 1R on this setup after it was shared yesterday. Still holding this at around +10 points. Slow burner but when we crack, we will crack!
Expecting this setup to make its move at some point this week, patience pays.
UK100 D1
Pushing the absolute peak of our resistance price here, trading at 7755 ish.
A great reward and possible short opportunity. Don’t fix it unless it’s broken, an impulse swing entry here with stops as tight as 25 points.
We have been following UK100 for some time now and this range has held for a while. Lets see what unfolds.
Hello Traders,
Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead.
We have 2 Demand Zones, and A Supply Zone. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries!
...
The FTSE 100 has been trading within a well-defined range for more than 8 months. This range has created some fantastic trading opportunities at the extremes of the range, buying reversal patterns at support and selling reversal patterns at resistance.
However, just as ‘the trend is your friend until the bend in the end’, the range is your friend until it breaks...
We have two points of interest on this, we're looking at the higher target to complete, once completed, ideally we want to see a reaction in price. That lower target is active, right now too early to consider, but if we get signs of a reversal, lets start looking at targeting it.
As always, trade safe.
KOG
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 detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.
In the context of financial markets, the phrase " pull back to last golden level and flying UK100 butterfly to next golden level at 8320 " suggests a potential upward movement in the UK100 index, possibly after a period of...
As you can see uk100 was in an uptrend during 1 hour time frame.It just broke below its important low and came to retest it.Now its time to find some sell opportunities..
High time frames are in range since mid 2023. It is forming a flag in W and a wedge in D. It has also completed a wedge in 1H and I think it is just about to break it downwards. If it does, waiting for it to break the support as well, then, there would be a good short opportunity with a nice ratio. Just an idea, best of luck
A possible short idea on the UK100. If it reaches today's London rejection area, it seems like a sell to me with a 1:3 risk-reward ratio.
SL = 30pip
TP = 80pip
Important: If the order isn't filled by tonight, cancel the position.
Been while since I've traded due to other commitments but logged in today and saw an opportunity.
Short at Orange Line with a very tight stop loss.
Overall I'm bullish on the FTSE100, so I'd be looking to get out at the lower end channel before entering a long on the bounce.
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...
