KVE
Short

FTSE (UK100): Possible bearish butterfly ahead

FX:UK100   FTSE 100 Index
223 2 3
Rally on FTSE             ... I guess what they say is true: 'Buy the rumor, sell the news'... (other way around in this case...)

Currently at double top level with overbought RSI so we might get a retracement or possibly a reversal at this level...

Above is a S/R zone, close to the area where a bearish butterfly completes so if it continues up I will be looking for shorts in the area indicated on chart...
Before entering look for confimation by means of ending structures or momentum divergence on this and other TF's...

Example setups on chart, to be adjusted depending on where it actually reverses (if it does...)

Trade active: PRZ reached, small short here, start small, build position...
Trade closed manually: Stochastics tells me it could be going up again, therefor trade closed in small profit...
Always new opportunities to come...

Inverse RIght Shoulder on Weekly Chart...looks very bullish to me....risky short but worth buying if price dips to 6331....or buy upward breakout....
Reply
KVE Trendhopper
Hey man, probably right, I closed because I think 4H stochastics will send it up again, if it fails to move higher or it looks weak and I get other signs I will try to get a better entry.
I think for now it's better to wait...
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out