Both fundamentally and technically- we expect a drop. price already in a descending channel which more likely it will be breached from the lower side.
Market analysis pointing to some decent bull in store after channel break to the upside. Trade at your own risk ...
Good morning traders. Today i am looking fro buys from a very respected demand zone and i am going to be waiting for a very clear rejection from that support and i am looking to leave this trade for longer period of time that is why my take profit is so wide. please ensure you guys do you own analysis and you use good risk management and wait for more than one...
this index is falling , UK delaying reopen will hit it for aweek or some thing i will short it now and buy the bottom latter next week . take this on you own responsibility
Market looks ready for some very profitable upside. Watch this trend. Trade at your own risk ... I posted below chart in the commodities chatroom when market was ready for some good drop. Looks like the drop hit target exactly and now market is ready to go back up;
Hi traders, Keep your eyes on lower time frame for your buy setups. Be careful and make sure you will not buy on trend line.
Hangover Sunday TA again, this is the first time I've paid more attention to UK100 so I'm abit out of my depth. Here is what i have for the upcoming week, I suspect we will see two different previous patterns followed (unless yet another surprise piece of hype changes things). Red Lines for descending triangle is me looking for a narrowed down FakeOut then...
Plan : Buy when price come and test the green zone. Wait for a bullish candle confirmation. Please follow this channel for more update :)
Expecting a pullback in the channel pattern!!
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...
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...
Market has been on a downtrend following a break in channel, as observed in the trend line. Retest to the upside has occurred. Market dropped below trend indicator before and after retest. Expecting further drop from here as we are in a downtrend. Scalp/day/swing trade market to the downside. Pick your entry point wisely. DISCLAIMER; Trading carries risks,...
We can see a trend line ( blue line ) that has been respected recently ( price coming down to touch it then bouncing ) And price has also been respecting our support/ resistance line ( green line ) you can also see this from where price has touched and bounced. Price is currently at this level and is testing it as support, now we think price will bounce and make...
UK100 is approaching our first resistance at 7183 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 6922 (100% fibonacci extension, 38.2% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop...
UK100 is approaching our first support at 6771 (61.8%, 100% fibonacci extension, 50% fibonacci retracement, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 7002 (76.4% fibonacci retracement, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might see a...
UK100 is approaching our first support at 6771 (61.8%, 100% fibonacci extension, 50% fibonacci retracement, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 7002 (76.4% fibonacci retracement, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might see a...
UK100 is approaching our first resistance at 7013 (50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 6771 (61.8% fibonacci extension, 50% fibonacci retracement, horizontal pullback support). Stochastic (83,5,3) is also approaching...