🔸Hello traders, this is 8hour chart of UK100. Recently trading in well-defined trading range, risk/reward flipped in bears favor after we got rejection near range highs, therefore recommend to focus on sell setups. 🔸Range highs set at 7660, range lows set at 7350, premium prices overhead at 7700 and 7750, below at 7250 and 7300. Trading now near range...
The UK100 has failed many times to break above the key resistance and we recently saw price break below the structure around the main key level. In addition to the technicals, the macro datas suggest that the index should get weaker within the coming days... I beleive we should see price go as low as 7405 pounds.
CAPITALCOM:UK100 UK100 - FTSE 100 index ⏰ Timeframe: 2 Week ♦───📝📊───♦ 👉🩸 ❓ 👉✅ Bullish Head and Shoulders Pattern ♦────⚖️────♦ ✔️ Logarithmic (Log) Chart ✔️Logarithmic (Log) Fibonacci
The UK100 Price Plummeted After the Publication of Inflation Data Yesterday, the stock market in the United Kingdom experienced a sharp decline following the release of new inflation data. The UK100 price, reflecting the leading British stock index FTSE, dropped approximately 1.5%. Moreover, the RSI indicator on the 4-hour chart fell below the value of 18 for...
UK100GB - 24h expiry The correction lower is assessed as being complete. Further upside is expected. Short term RSI has turned positive. A move through 7725 will confirm the bullish momentum. The measured move target is 7775. We look to Buy at 7710 (stop at 7670) Our profit targets will be 7810 and 7830 Resistance: 7725 / 7750 / 7775 Support: 7700 / 7685...
FTSE100 D1 Caught in the range between the alluring 7725 sell zone and the steadfast 7275 support price. This range encompasses a substantial 450-point span, bridging the chasm between resistance and support, offering enticing opportunities on both sides of the spectrum. Notably, FTSE100 has been graced with compelling wick rejections, particularly in recent...
CAPITALCOM:UK100 index has demonstrated a substantial ascent, exhibiting a remarkable 6.5% increase from its October lows to the conclusion of the calendar year. This surge followed the emergence of a bullish divergence, further fortifying the positive sentiment surrounding the index. Notably, the recent breach of the wedge pattern suggests a potential...
FTSE 100 UK100 trade idea for 20/12/2023 FTSE 100 is in upward channel on daily chart. It broke out of it 2 days ago but came down back inside the channel again. Tomorrow 20th Dec a major catalyst CPI data is released an hour before the market open. This surely will bring major volatility which gives the traders a good opportunity to grab some points if traded on...
It's been almost 2 months since we last looked into FTSE 100 (UK100) but the index didn't fail to deliver as it hit our 7535 target (see chart below) and got rejected inside the 6-month Resistance Zone: Despite the inability so far to break above the 7690 - 7750 Resistance Zone, the index did succeed at making the first important bullish break-out above the...
UK100 - 24h expiry There is no clear indication that the upward move is coming to an end. The trend of higher lows is located at 7400. Risk/Reward would be poor to call a buy from current levels. A move through 7575 will confirm the bullish momentum. The measured move target is 7620. We look to Buy at 7545 (stop at 7505) Our profit targets will be 7645...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 7581.44, which is an overlap resistance. Our take profit will be at 7540.44, an overlap support level. The stop loss will be placed at 7615.14, above a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
FTSE 100 is showing bullish sign. It is in an ascending channel upwards. A crossover above the major down trend resistance line at 7583 might trigger a quick movement to 7675 and 7697 with an ultimate target of 7748. Support at 7456 and 7403. Any feedback is most welcome to improve my analysis. Many Thanks.
FTSE100 D1 Since breaking south of 7720 during the start of May 2023, we have held this range between 7720 and 72250 support since. Sell zone is between 7700 and 7720, a 20 pip zone. With take profit targets, or our buy zone sitting around 7260 to 7280.
UK100GB - 24h expiry A lower correction is expected. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 7525 will confirm the bullish momentum. The measured move target is 7575. We look to Buy at 7500 (stop at 7460) Our profit targets will be 7600 and 7620...
Now that this index has retested the resistance zone, I am anticipating that this price will have a bearish momentum. My entry point is 7480, SL at 7540 and TP at 7240. My R:R for this trade is 1:4 Remember, risk 1-2 % of your account.
The index is at a major resistance zone, which has been retested several times, making it weak. Now, the big question is, will it break the zone and complete the rising flag? Let us wait and see...
On the morning of Friday, December 1, the UK stock market index rose to its November highs. This was facilitated by the fundamental background: → among the UK100 growth leaders are shares of companies mining ore and other resources. As metal prices rise and industry in China shows signs of recovery; → general sentiment on the world's stock markets due to the fact...