there is a good channel forming on the FTSE100 and i have seen 2 attempts to break the resistance at the 7200 level. Looking for a short position with a TP1 of 7166 and a final TP at 7094
EXPECTING A RALLY LONG ! Bearish break Higher Low Fail S&R Broken & more...
The FTSE 100 has been channeling well for the past week. After 3 consecutive rebounds i am now looking for my 4th which will be a SHORT. We have an ma crossover and the daily close within the downward resistance.
expecting a rally short to 7050.
EXPECTING THE UK100/FTSE100 TO RALLT DOWN TO 7119
In case you haven't already heard, there is the UK supreme court decision for Brexit coming up in a few hours. There could be potential volatile whipsaw effect. Best to close positions, watch and stay out. Remember to let market settle for a couple of hours before getting back in. Good luck everyone.
The FTSE has passed its historical key resistance in October of 2016. On both the weekly and monthly chart it shows a clear uptrend. My reasoning is very straight forward here, wait for it to reach the confluence of S/R and the 38.2% Fib and initiate a long position.
UK OIL SHort TP 1 = 54.00 TP 2 = 52.00 TP 3 = 50.00
Here is a comparison chart of the FTSE and GBP. As the Sterling devalued the FTSE started to price in inflation and pushed completely in the opposite direction. Which makes sense, since you require more currency to buy same amount of goods and services. As such the UK stock market will likely show higher nominal revenue and profits. Again NOMINAL not inflation...
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive In percents away from all-time high & low by last close (57 Share Indices) drive.google.com Best regards :) Aaron
As shown in this chart, there are 02 pissible cases: - Break of momentum at 7339 level; or - BO that can gives more up towards 7539
Bearish divergence on 4H chart. GBPUSD up 120 pips from 1.22 lows. Target: missed weekly pivots at 7040, 6970
Hello guys! happy new year. UK100 indice is printing a nice range here and as we can see, it's at a very important point. Break or reversal? Our 2 most important questions. AS usual, we're not the one to decide, so let's watch it and see what the market will decide in the next coming candles. As for a personal analysis, I bet for a reversal. Price is at the...
Go long the UK100 if it trades at 7140 or higher. If triggered, place your stop at 7085 and exit the position for a profit at 7191 or at your own discretion. (Always invest wisely). Leave a like! In this idea you don’t get the following: 1. How to identify the trade setup 2. How to identify short term trend 3. How to protect gains in your trade 4. Market...