Place buy stop above trendline on UK100 or wait for trnsline to break to get entry. Manage your risk accoring to account size.
UK100 / 4H Hello traders, welcome back to another market breakdown. FTSE has been reversing making new lows, the price is in pull-back mode now which is an opportinity to get on the current trend. I'll be studying a position around the sell zone showen on the chart. Trade safely, Trader Leo.
Earlier we wrote about the reasons for the weak behavior of the UK stock market. Firstly, it is the highest inflation among the G7 countries. Yesterday JP Morgan analysts suggested that the base rate in the UK could be raised to 7% under certain scenarios. And the likelihood of a hard landing for the British economy next year is rising due to the impact of...
Hi there, Looking at UK100 index which is approaching a MAJOR support level OB. Uk100 has currently wicked some liquidity below the Lows of 1 june and forming some bullish hammer candles. But we want to see some big hammer candle or bullish engulfing candle to enter for longs as well as change of character on the trend. 4hr time frame = bearish 1hr time frame =...
UK100 was trading in bearish parallel channel and finally breakout of channel with strong bullish impulse and also produced bullish on 4H TF. Will these confluences help the instrument for its bullish trajectory?
UK100 - 24h expiry The current move lower is expected to continue. Short term RSI has turned negative. Rallies continue to attract sellers. Risk/Reward would be poor to call a sell from current levels. A move through 7425 will confirm the bearish momentum. We look to Sell at 7500 (stop at 7525) Our profit targets will be 7425 and 7400 Resistance: 7475 /...
Bullish Divergence formed on UK100 30mins, place your buy stop or wait for LH to break. Manage your Risk Accordingly!
UK100 / 1D hello traders, welcome back to another market breakdown. FTSE has been reversing down from the All time high, the price probably has finished the pull-back phase, I'll be looking to feed the next leg lower on any spike up. Trade safely, Trader Leo
UK100 is trading in long term bearish trend. Currently the price is retracing a bit but just about to face a long term declining trendline from Fib golden ratio. Will these confluences push the price to lower side again?
Today, the FTSE kicked off the market with a bearish bias, as indicated by its opening. After retracing and testing the previous resistance area near 7680, the value of the FTSE appears to have encountered resistance from a dynamic trendline within a broader bearish downtrend. This suggests the possibility of a new bearish impulse taking hold today. It will be...
UK100 - 24h expiry Previous support located at 7550. Previous resistance located at 7600. Trend line resistance is located at 7630. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 7630 (stop at 7660) Our profit targets will be 7530 and 7525 Resistance: 7600 / 7630 / 7650 Support: 7550 /...
UK100 (FTSE 100) index has shown a significant price movement. The price initially formed a resistance level, which has been successfully broken out. This breakout indicates a potential shift in market sentiment. The previous resistance level has now become a support level. This means that traders and investors are now viewing this level as a price floor, where...
decent long term hold, that pays dividends. long term bullish for natwest, in a fallen wedge, that break to the upside 68% of the time, i could see a small pull back to 240, worse case would be a pullback to 206 happening before a major rally, nfa dyor
UK100 recently make a nice bullish impulse and seems like fail to maintain it. Currently the instrument is looking for Right shoulder. If it successfully form HnS then we are looking for 7550 followed by 7500 to downside.
The FTSE 100 Index (UK100) has broken below its 1D MA50 (blue trend-line) and is approaching the 1D MA200 (orange trend-line), which is the first short-term Support. The medium-term is the 1W MA100 (red trend-line) and those two are our buy entries for a 7800 Target. This is just under the Lower Highs trend-line from the All Time High (February 16 2023). The 1D...
The FTSE 100 index is rapidly declining on Wednesday morning amid news of another spike in inflation. The Core CPI (excluding energy, food and tobacco prices) reached 6.8%, the highest in over 30 years. Market participants are now almost certain that the Bank of England will raise interest rates at its next meeting. The UK100 chart (a tool that reflects the...
The FTSE has shown signs of a potential price increase after a Double Bottom pattern and Divergence were identified on the 4-hour timeframe. This movement is likely to continue in the direction of the current trend. The recent growth in value can be attributed to positive data from the UK, which showed a 0.1% increase in quarterly GDP in Q1. In addition, both...
D1 - Bearish convergence followed by a pullback, Bearish hidden divergence. Price is bouncing lower from a strong resistance zone. No opposite signs. H4 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.