The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario.
Hey Traders,
As global economies drag and other indexes begin to drip, the UK100 is no exception.
I trade this market a lot and I'm mostly looking for high probability entries.
Some of which are labelled via PA zones.
UK100GB - 24h expiry
Price action looks to be forming a bottom.
Short term RSI is moving higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 7400 will confirm the bullish momentum.
The measured move target is 7500.
We look to Buy at 7350 (stop at 7300)
Our profit targets will be 7470 and 7500
Resistance: 7400 / 7450 /...
The FTSE100/UK100 has been showing signes of weakness although remaining at a high level.
Find the our initial short - arguably our trade of the year - in the linked trade
UK100GB - 24h expiry
Price action looks to be forming a bottom.
Price action has continued to trend strongly lower and has stalled at the previous support near 7250.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7350 will confirm the bullish momentum.
We look to Buy at 7280 (stop at 7230)...
Most indexes are looking to be short right now, this Index is overbought and has multiple tops with divergence. There is no pattern on this trade, but this is with the trend so it should fall to the bottom and bounce back up. Stop loss is 50 pips and the aim is around 10.
FTSE100 D1
Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R.
Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events,...
Following our FX FTM strategy we see the FTSE heading lower to 7300/7250 level. Lots of macro data supporting the view for lower equites at the moment. Keep strict with your risk applications and proactive with your trade management.
The FTSE 100 Index (UK100) delivered a strong short-term buy signal last time we looked at it (see chart below):
The index has been since rejected twice on the Lower Highs trend-line of what is almost a year long Descending Triangle. We will wait for a test of the Support Zone, ideally when the 1D RSI tests its Higher Lows trend-line and buy for the...
UK100GB - Intraday
Posted a Double Bottom formation.
A break of the recent low at 7328 should result in a further move lower.
Short term bias is bearish.
Trading within a Corrective Channel formation.
The lack of interest is a concern for bulls.
The bias is to break to the downside.
We look to Sell a break of 7319 (stop at 7369)
Our profit targets will...
UK market failed to break resistance back into historical channel. Diamond top forming again.
Expecting move down, 7100 to fail and price to revert to support at 6500.
Best, Hard Forky
The FTSE is giving us difficult data to deal with. We are moving highly corrective and it is hard to forecast the next move. We will suspend the FTSE analyses for now. The next video will be made as soon as we have some clarity.
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.
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.
