I am short UK 100 with the following:
Entry: 7822.83
Stop Loss: 8150
Take Profit 7300
R/R of 1.6 which is slightly higher than my usual 2 taking ATH into consideration.
Timeline is 30 days or when TP/Stop is hit respectively.
Inverse Rev Cup and Handle has formed on the daily.
And a Symmetrical Triangle too.
Now the Symm Triangle is normally a continuation pattern. But because of the state of the markets world wide, they are bringing down the main indices like FTSE 100.
These are bearish signals along with these indicators.
21>7
Price<200 (Red zone)
RSI<50 (Red zone) and lower...
Hello we are part of a new community called lucky trading club in tradingview so let's begin our second analysis.
UK100, ftse100 will crash, we have a eqh on 7700 with a lot of liquidity it was already taken last friday on 7900, also we have 5 waves of elliot and harmonic pattern in the range of 7700-7900
We still in uk100 ATH when all institution begin to sell...
I am currently looking to sell this index.
It is no surprise to anyone who reads my ideas ,not many:p, that I am of the option that whilst the latest inflation data coming from the UK has ticked lower, I believe it will again raise its head to bite the UK on its ar$e.
I guess more importantly, I think the inflation data coming out of the US over the coming...
sell idea
FTSE reached new highs this year but now it could go down to around 7600 as it broke out of h4 channel and we have BOE interest rate today. Expected rate is 3.5 which is 50bp higher than previous.
sell targets: tp1- 7600
tp2 -7450
Squeezed
UK retail sales fell hard in September, higher cost of living hitting the pockets of consumers
UK recent economic data highlights
The drop in UK retail sales indicates that consumer spending slowed in September; actual -1.4% vs -0.3% forecast
Highlights little signs UK household spending to pick up soon as higher prices push consumers to...
Short FTSE 100 @ 7450
TP: 6900
SL: Around 7700
The UK has many problems involving the PM, energy, cost of living crisis, recession, inflation and a devaluing currency. Normally GBP weakness was beneficial for the equity index however, the correlation has broken down. THE BOE has admitted that we face 5Q's of recession ahead and I cannot see how that is positive...
UK100 CFD had broken the support of the triangle pattern that was formed on the 1H graph. The histogram of MACD indicator is still below the zero line, also confirming a bearish outlook for the instrument.
If the price of the instrument continues its current movement, it might reach levels below 7040. On the other hand, if price reverses, it will most probably...
Hellooooooo PIPIN TRADERS. This is one of the trades I will be looking at for the next few days before I post another update/analysis on this index, RISK TO REWARD 1:4
Ftse100 is currently retracing after a very big movement to the downside. This retracement can take us up to the golden area of 7145. Here we can sell to push prices back down to the support area of 6900, if broken can take us to areas of 6575-6337.
DISCLAIMER
1) You should consider your own Risk:Reward ratio and do proper lot sizing according to your margin and leverage level.
2 ) Not every idea is a valid trade. Some are pending orders.
3) This analysis is just a trading idea, not a trading signal for you.
4) My own trend direction estimation, entry point, stop loss and take profit levels are shown on...
In this Wave Revision video I explain how this market already topped back in 2018.
It is very interesting to note because next I will be revisiting the pound to see exactly what is going on there.
A break of 6242 should provide the first clue that Wave 2 is complete.
A break of 5511 will provide further confirmation that Wave 3 down is in progress.
Please ...
