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...
This index is forming a rising flag, which might be an indication of a potential bearish momentum. Also, according to the clients' sentiment, the majority of traders are buying the index - 72%, and I anticipate that the price might move in their favor. My entry point is 7400, my stop loss at 7480, and my TP at 7230, as my R: R for this trade is 1:2. Note, risk...
We have a nice 4 touch support with a nice break. Expecting price to go lower.
UK100 - 24h expiry The correction lower is assessed as being complete. The rally was sold into but, the dip lower has stalled. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 7500 will confirm the bullish momentum. We look to Buy at 7475 (stop at 7440) Our profit targets will be 7575 and 7600...
UK100 - Intraday Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. A move through 7425 will confirm the bullish momentum. The measured move target is 7525. We look to Buy at 7365 (stop at 7315) Our profit targets will be 7485...
Today's focus: UK100 Pattern – LH decline Support – 7375 - 7250 Resistance – 7466 - 7710 Hi, and thanks for checking out today's update. Today, we are looking at the UK100 on the daily chart. Today's video asks if the UK100 will continue to move lower after setting up a few beach technical signs. What do you think about the reasons presented in today's video...
In the reported financial update, the FTSE 100 index experienced a slight decline of 0.11% to close at 7,401.72 on Wednesday. This drop was primarily driven by weaknesses in the financial and mining sectors but was partially offset by robust results in the retail sector. Notable companies such as National Grid, BP, Shell, Anglo American, and Fresnillo contributed...
A breakout of structure, the likeliness of going higher is a lot more than the likeliness of going down.
UK100GB - 24h expiry Price action looks to be forming a bottom. Short term RSI is moving higher. Risk/Reward would be poor to call a buy from current levels. A move through 7400 will confirm the bullish momentum. The measured move target is 7500. We look to Buy at 7350 (stop at 7300) Our profit targets will be 7470 and 7500 Resistance: 7400 / 7450 /...