Hi there, Looking at UK100 index which is approaching a MAJOR support level OB. Uk100 has currently wicked some liquidity below the Lows of 1 june and forming some bullish hammer candles. But we want to see some big hammer candle or bullish engulfing candle to enter for longs as well as change of character on the trend. 4hr time frame = bearish 1hr time frame =...
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go short (with the main direction). Traders should wait for a clear ABC up and then initiatie a short.
The momentum of stocks is affected by global growth concerns and central bank actions, while the euro experiences an upswing. Key News: Eurozone - ECB McCaul Speaks Eurozone - ECB President Lagarde Speaks The US stock market is currently experiencing a decline amidst deteriorating global growth forecasts, primarily attributed to weak global Purchasing...
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to go long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
Events: UK - Manufacturing PMI USA - FOMC Member Mester Speaks USA - FOMC Member Bostic Speaks USA - FOMC Member Bullard Speaks USA - Services PMI (Jun) During Thursday's trading session, the S&P 500 and the Nasdaq displayed upward movement,...
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
The FTSE is moving again. We see a potential long trade for today (against the higher timeframe direction).
The FTSE is moving again. Depending on what the market gives us, we see a potential long trade for today (against the higher timeframe direction).
UK100 is trading in long term bearish trend. Currently the price is retracing a bit but just about to face a long term declining trendline from Fib golden ratio. Will these confluences push the price to lower side again?
The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Today, the FTSE kicked off the market with a bearish bias, as indicated by its opening. After retracing and testing the previous resistance area near 7680, the value of the FTSE appears to have encountered resistance from a dynamic trendline within a broader bearish downtrend. This suggests the possibility of a new bearish impulse taking hold today. It will be...
The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
A pullback in the higher timeframe seems likely. We have 5 waves up as an impulse in the weekly and daily. However, as divergence in the weekly is not really outspoken, a new high is still possible. Investors should wait for the pullback to buy. Traders should analyze the lower timeframe.
Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Trading day preparation. The FTSE is refusing to move. We advise traders not to touch it. Let's just wait for better price data.
Trading day preparation. We discuss several scenarios that could play out. There might be a possibility for a short trade.