Trade idea Impulse move now corrected to the initial demand zone IF unchanged / positive Economic data Look for potential Longs 19TH OF Feb (Multiple FTSE companies Earnings report ) A day to watch IF trade ongoing.
FTSE100 UKX - Range Bound - WHERE TO NEXT? Technical View: Resistance: 6782.5, 6823.0, 6900.5 Support: 6677.7, 6627.6, 6610.9, 6535.8 (200EMA) Pattern: Multiple formation Bull Flag / Triangle Formation How to approach this trade idea: - Add alerts at key break out areas - Wait for the break out and trade the pull back - Check the key Fibs matching S&R...
Break of the uptrend line was strong with a good impulsive candle. Now at critical support near 6600 level. 200SMA is also at support. An impulsive break lower could signal momentum to get us to 6500 target. Risk-off this morning across the board. Some of it on news as China's surging COVID-19 cases trigger clampdowns. Good Luck and Stay Healthy!
UK100 is going to buy because we have a break of structure for potential upside movement, (DAILY STRUCTURE)
After our last analysis on UK100 index we look for a new opportunity. The price on the 4h chart retraced inside a channel until the 0.618 where the market found a support. According to Plancton' s strategy if the conditions will be satisfied, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴...
UK stock index is retracing a little after the bit impulsion that we predicted in our previous Analysis. If you are not in open position you can buy One at the CMP and second buy limit will be 6550. If you like my idea just hit the LIKE button.
A falling channel on a 4-hour timeframe is soon to approach the support zone. A potential retest of the uptrend line and 200SMA make it a strong level. Can trade the bounce here looking for reverse patterns on a smaller timeframe. A break lower is possible but requires significant selling pressure and some 'more' bad news regarding the pandemic. Please support...
WXN Trade Idea UK100 Entry: 6780-6785 Stop Loss: 6740 Take Profit: 6900 Risk/Reward : 1:2.53/3 depending on entry We recommend that you take profit whenever you feel happy. Strong Support created on H1 and price failed to break down, additionally bullish pressure and price action indicating the upside.
UK100 is moving up towards Daily fib ABCD 1,618 D extention @6959. This level coincides with 1h up fib ABCD 1,618 D extenion. 1h counter trend line is broken to the upside. For more secure entry I will enter on the break above last 1h candle high.
UK100 Ascending Triangle Long Position Entry: £6,861.3 TP & RR: £7,036.9 (2.21) Stop Loss: £6,781.8 REASONS FOR THE TRADE Unfortunately, this is not a trade that I will take since I already have enough positions for the day and my system prohibits me from being overexposed. From a technical point, this seems like a sound trade - testing lower trendline in...
Ftse going to go down to around 4700 ??
Things are looking good for the FTSE 100. Not only has a Brexit deal been agreed, but 2 vaccines approved for use. Early in December we saw a golden cross form on the daily chart. For those who don't know, a golden cros is formed on the 50 and 200 MDA and is a good indicator ( along with the above ) as strong upword trend. It seems a 7000 recovery is likely
As UK100 index is looking a good buy position after Brexit Deal between UK and Europe is supporting UK Assets. If you like this idea, Please give it a thumbs up!
Analysis of #USDCAD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Daily Price action - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always...
I expect pice to retrace a bit before it carries on a uptrend. So i'll be looking for sell opportunities