Analysis team bought DE30 @12248.60 with the target @12277.33 on25th September, 2019.l
Bearish bias on FTSE100 index. Previous 4hr support zone broken and retested. Bullish Trendline broken and now retested. Fib 0,618 and lower high forming. 4hr 50ema to act as dynamic resistance. Entry 7310.00 Final TP around the 7100 level
Trade Idea Prices are extending higher from the bullish flag/pennant formation. We have a 61.8% Fibonacci pullback level of 7458 from 7020 to 7729. Bespoke resistance is located at 7461. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Preferred trade is to sell into rallies. Expect trading to remain...
Normally I only trade Forex pairs and it has been a while since I last traded any indexes. But I was strolling through markets and saw this opportunity so I analyzed quick and opened a short trade @7216. My quick analysis The Market has reversed at the end of July and stayed in a Down Trend ever since. Now we can clearly see Resistance @7305 so that gives us...
Uk100 - Wait for the 4HR candle close to confirm the break. Target - Full target 7560 - MANAGE YOUR RISK - Disclaimer: All ideas are m FX:UK100 y opinion and should not be taken as financial advice.
Hello traders, We had a strong down move in the beginning of August which we have been correcting thus far and now I am looking for that continuation down to the 6700 / 6600 range. I will re-evaluate the action in the coming weeks to assess whether or not I think this will be the complete reversal and probably the inevitable recession or back up to break and...
It all starts with price action. After a loss of downside momentum we have made a new high (purple) which indicates some bullish strength. It has also completed a shark pattern at the 1.13 which is great, this shows a new high has been made, but we could be due for the pullback now, before a new high is made. I will be looking for this bearish shark to become a...
The UK100 could have finished the flat correction and now it is heading south. The wave C blue could drop to the 6710 where C=A.
Trade Idea Trading has been mixed and volatile. The sequence for trading is lower lows and highs. We have a 50% Fibonacci pullback level of 7374 from 7729 to 7020. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7375, resulting in...
Resistance zone worked to add another long on the break or pullback, whichever you chose. Now we see rapid rise in FTSE this morning, additional long position can be taken if we wait for the pullback. Good Luck!
The break happened by the book and going well. Now at small resistance zone, a pullback here would be welcome as we could add another long at the low of the pullback. Going to small time frames to see catch that low. This is the start of the B wave. End of summer today so many traders and investors will be closing trades. Expected high volatility at the end of...
Wave analysis shows that we could be nearing the end of wave A. Very good support of 61.8% at the key 7000 level. Great opportunity for a long there as GBP sells off on the potential of Parliament being suspended in September-October. Boris trying to get the government out of the way so that they can not interfere with his Brexit plans. Also a downtrend line from...
My idea on a short on the UK 100. Following recent news the UK economy will have a bleak outlook and will drop down near the major resistance of 6990.
Been watching this lately as it has been appearing in my scans. The trading volume appears to have been quite consistent in recent weeks and trend of higher lows is encouraging. The close above the 10 EMA is a cue to buy and target the resistance above. Target: 2.55p Stop: 1.644p
Technical Howden Joinery looks interesting on a technical basis. The shares shot higher to new highs following a bullish update to the market. We have since seen the share price unwind to some sensible levels as the overall market continues in this condolidaiton phase. The shares have reached a confluence of Fibonacci support levels, which I have highlighted on...
Technical Ocado has had a dramatic rise in price over the past 18 months. The breakout level at 1163p has been retested and has so far been well supported. The shares have been in a consolidation phase for the past few weeks, but some signs are emerging that could put an end to the sideways price action. A move back to and above the previous highs is expected...