KVE
Long

FTSE: 1H triangle and/or Quasimodo to long?

FX:UK100   FTSE 100 Index
45 0 8
FTSE might revert to ranging, check out my other idea's for details. Bat TP2 not reached, target 6233 in possible resistance area ...

Preferring longs for now on this TF based on recent smaller degree HH.
Currently we might have ourselves a triangle on the hourly. In case of trend continuation from the low we could break to the upside, watch the 'down' trendline though. Breakout to the downside possible as well, fake breakout could stop around 6100 which is possible Quasimodo support at 0.618 retracement of last up move from bat completion point.

Example of trade on chart, SL at least below bat X but preferably below Support zone . Target 6217 or 6233 ultimately but keeping an eye on the 'down' trendline ... Looking for smaller TF momentum exhaustion and possible ending structures to get better R/R setups now!!
Trade closed manually: Small order triggered this morning, partial profit at 6165, close to trendline, it broke the trendline but reversed, rest was stopped out at BE..., Next I will be looking to buy at support zone or sell at resistance...
Comment: Didn't get a chance to trade the recent moves, but range trading is on!! Sell high, buy low... SL beyond the zones, only trade confirmed breakouts out of the zones....
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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