just an idea
buying the likely dip
if price goes under 6993 then the pattern will be invalid
there is some bullish divergence growing
if it breaks the neckline we can get a probability of going further upwards in price and using the moving averages or fib levels to exit quickly and use the LT velocity indicator for the stoploss, which is that last little...
UK100GBP is testing its support at 7231 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially bounce up to its resistance at 7423 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is testing its support at 3.1% where a corresponding bounce could occur.
These are the key levels to look out for on the FTSE. We have identified a channel that price is approaching. Please refer to our 4hr chart for a strategic view!
This will be my views of FTSE UK Stock Index (18 Sept 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in...
Unum Capital: Technical Trade Ideas - FTSE100 and GBPUSD
Dear Trader
This morning the UK's FTSE 100 Index Future and GBP/USD feature among my trade ideas.
FTSE 100 Index Future (Buy/Long)
Over last few weeks the British Pound has rallied on the back of positive developments in the UK around Brexit. We have also seen some positive data being released which...
Hello Traders,
FTSE short-term Elliott Wave view suggests that the rally to 7790.17 high ended blue wave (X) bounce. Down from there, blue wave (Y) remains in progress with instrument showing a lower low sequence. The internals of that leg lower is taking place as double correction lower due to overlapping price action happening from 7790.17 high thus suggesting...
Trend line is a good strong one, and so are support and resistance, we will be keeping a close eye on this pairing and Entry, TPs and SL will be sent out to our clients once the trade becomes valid.
you can message us about joining.
This will be my views of FTSE UK Stock Index (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in...
Just like the title suggests I will be tracking the UK100 futures live throughout the day with updates regarding entries, stops, targets etc.
Make sure to stay tuned and pay attention to the updates.
Like and comment if you find this helpful.
Disclaimer:
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a...
Trend analysis Uk100 Stock break H4 Trendline and make low low and low high next move make new low low
Elliot wave analysis breakout H4 trendline make Implus 1 then correction then next move implus 3
target 1 low support (LL) target 2 use history price range
Hello Traders,
FTSE short-term Elliott Wave view suggests that the bounce to 7904.97 high on 5/22/18 peak ended in black wave ((1)).
Below from there, the index is doing a double correction lower in blue (W)-(X) to correct cycle from 3/23/18 low. Down from 7904.97 high, the decline to 7610.66 low ended the first leg of the pullback in blue wave (W) at 05/29/18...
![UK100GBP: UK100 Possible Inverse H&S 1hr long setup [BTFD]](https://s3.tradingview.com/j/j7c1Vued_mid.png "UK100 Possible Inverse H&S 1hr long setup [BTFD]")
