HI BIG PLAYERS, here I present a new Wolfe Wave in the UK100 chart. This chart represent the 100 biggest share-companies of Great Britain. In any way we listen about the Brexit and the results of this decision is clear to understand for everbody. A big downtrend will build. The Wolfe Wave pattern show a bearish incoming side. In addition, the reason for a...
Similar to my Dax idea just posted, a lot of world equities are bouncing...remember central banks can still cut rates and do QE/stimulus which means there will be nowhere to go for yield except the stock markets. The party might not just be over yet. Similar description to the FTSE as with the DAX, a prolonged downtrend and basing at a support zone. We had a...
FTSE100 Fell more than 7% from the recent highs from 7700 without any retracement. We can expect this whole move to retrace at least 38% from the bottom towards 7400. We can go long on this if FTSE gets above 7200 after stock market open. Stops 6990 target 200pts
Many traders hide their ignorance with complex models, indicators, and theories filled with big words but of little value. Yet, the market knows the price more than we know.
The UK100/GBP pair has been appreciating in an ascending channel pattern since the beginning of June. The pair reversed north from the lower boundary of the channel pattern at 7088.8 on June 3. The 200-hour simple moving average was providing support for the pair at 7481.0 during the morning hours of today's trading session, while the 50– and 100-hour SMAs were...
OANDA:UK100GBP FX:UK100 UK100 - Intraday - We look to Sell at 7500 (stop at 7525) The previous day's bearish engulfing candle led to further selling yesterday. Previous support level of 7475 broken. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. The reaction higher is positive, however, we view...
We are currently long the FTSE 100 which has dropped over the past day on the back of Boris Johnson's appointment and the subsequent strengthening of the pound. The pound strengthened as the market hopes that initial comments by Michel Barnier the European Union's Chief Negotiator would open the door to positive negotiations between the UK and the EU. However, we...
FTSE 100 has rejected 7600-7590 area in the 1hr time frame, 3 consecutive times suggesting that a correction is possible. If FTSE100 breaks below 7550 (23% fib level) we can see a correction upto 60% Fib levels at 7440-7430 levels. But FTSE needs to break below 7550 to trigger this trade. Stops should be above the recent highs.
The move lower got even closer to our entry point than it did yesterday (see related idea). We may have missed the entry again. Still keen on buying dips (for now)!
The image speaks for itself, breaking out a descending wedge, forming an inversed HS... What you need more to confirm?
Uk100 broke wave 4 from an ending diagonal within a ZigZag correction pattern we anticipate that it will visit 7617 then 7747.9 if the price breaks 7487.3 level then the scinario will be invalidated .
FTSE100 has recently tested a key demand zone and formed bullish price action. We can expect this market to continue higher with targets being the daily highs. The price is also supported by the 20 and 50 EMA pointing upwards with price rejecting the key demand zone and the 20EMA.
I opened buy near key level - 7531 mirror level - Fake break out on the daily chart - Potential profit in 5 times bigger
Pay attention to the updates section as I will be posting when I will be entering my trade. Please follow and do leave a like if you enjoy what you see want to see more live trading :) The analysis is made based on order flow using Volume Profile + EW. **THIS POST IS PURELY FOR EDUCATIONAL PURPOSES AND MY TRADING DECISIONS ARE NOT TO BE TAKEN AS PERSONAL...
Trade Idea The medium term bias remains bullish. Bespoke support is located at 7470. We look for a re-test of the upward trending support. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. We look to Buy at 7470 Stop: 7440 Target 1: 7560 Target 2: 7650 Trade ideas & daily market report July 9th...
Trade Idea We have a Gap open at 7567 from 05/07/2019 to 07/07/2019. Bespoke support is located at 7470. We look for a re-test of the upward trending support. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. We look to Buy at 7470 Stop: 7440 Target 1: 7560 Target 2: 7650 Daily market report July...
Trade Idea Prices are extending higher from the bullish flag/pennant formation. Positive overnight flows lead to an expectation of a firm open this morning. Bespoke support is located at 7530. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to buy on dips. We look...