As @Traderwell requested, here’s my view about the UK100!
Short-term, the 7072 is a support that must not be lost, otherwise, we might just lose the 7k again. The breakpoint is 7118, as if UK100 breaks this point, then it’ll aim higher levels.
The danger lurking the index is the head and shoulders, a bearish pattern that...
The strengthening of the dollar is not over yet, with the beginning of a new week its rally will continue.
A low strength sell signal (1 of 3) after testing the psychological level (1.3900).
The target for the deal is 1.3800 (100 points of profit)
Please complete the transaction and do not close the deal
After 3 hours, the price will close a day candle above the stop, please remove the stop and continue with the transaction
that the extension occurred in wave b and soon the price will return down to complete the c wave
H4 - bullish false break
H1 - reversal pattern (divergence + convergence)
M15 - POTENTIAL bullish impulse.
Trading a potential setup is risky and much more aggressive than trading an actual setup. If you are not completely sure how to handle this one, better skip it or wait for the actual M15 structure (bullish impulse) to complete, than wait for the pullbacks...
In this video, I share some of our sentiments on the direction we speculate the indices to take for the month of May.
If you wish to learn how to trade stocks or indices you may DM me for more information.
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Thanks for the support
Good evening all, I am overall forecasting a bull move coming in for the FTSE 100 shortly... this is due to price failing to maintain the HH HL price action.
We all know we trade what the market gives us which is why I always have multiple entry's for both bullish and bearish should price decide to go against my forecast. Now, every entry you see is...