The UK100 has reached a critical resistance level and is showing signs of being overextended, particularly on the daily time frame. I foresee a potential retracement and am currently seeking a short opportunity against the prevailing trend. For a comprehensive analysis of this setup, please refer to my recent video post.
#UK100 Observations: - Monthly and weekly charts indicate weakening bullish momentum. - Significant resistance encountered at a key level suggests a potential reversal. - 61.8 Fibonacci retracement zone identified as a logical downside target. Trade Idea: - Short position on the #FTSE. - Place stop-loss above recent swing high. - Primary target: Previous swing...
🔴 Resistance - 7574 🔴 🚀 Target - 7592 - 7627 🚀 🟢 Support - 7565 🟢 🚀 Target - 7543 - 7508 🚀 🔥🔥 Levels Works Best on 5 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & MOTIONS HAS NO VALUE IN THE MARKET Our motto is to help...
CAPITALCOM:UK100 UK100 - FTSE 100 index ⏰ Timeframe: 2 Week ♦───📝📊───♦ 👉🩸 ❓ 👉✅ Bullish Head and Shoulders Pattern ♦────⚖️────♦ ✔️ Logarithmic (Log) Chart ✔️Logarithmic (Log) Fibonacci
Now that this index has retested the resistance zone, I am anticipating that this price will have a bearish momentum. My entry point is 7480, SL at 7540 and TP at 7240. My R:R for this trade is 1:4 Remember, risk 1-2 % of your account.
The index is at a major resistance zone, which has been retested several times, making it weak. Now, the big question is, will it break the zone and complete the rising flag? Let us wait and see...
Place buy stop above trendline on UK100 or wait for trnsline to break to get entry. Manage your risk accoring to account size.
Bullish Divergence formed on UK100 30mins, place your buy stop or wait for LH to break. Manage your Risk Accordingly!
Hello guys. According to the higher timeframe of this index (1D), the trend is forming a falling flag, which might be a strong indicator of a bullish momentum. According to the lower timeframe(1H), there is a formation of a falling flag, which has been completed and the index has broken out of the trend forming a bear trap. I anticipate that the price might...
Trade Plan A 1- A strong support area if the price gets rejection then go for long Trade Plan B 1- If the price breaks the above support then go for short at the new HH
The UKX ran above Jan 19 2022 highs only to reject, breaking the Feb 4 2022 low, initiating a market structure shift on the daily timeframe. Price continued to decline with Feb 24 being an extreme down day due to the events transpiring in Ukraine. I am looking for a retrace to 7280 -7360 before price continues to the down-side with Target 1 reaching for 7100,...
The UK100 is looking very bleak for the foreseeable future. A massive rising wedge has formed on the 3D and looks to break at any point in the next couple of months. Combine this with rising inflation and fears of conflicts in Russia, all provides the perfect setup for the UK100 to take a large pull back. It is also worth noting that the OBV has broken down...
Key level reached which is an ideal area to sell with a tight SL. Goodluck
Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. Second trade of the day for this...
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly'...
In the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed. By break down...
Triangle has broken through resistance line. Bullish price towards 6610.13. Buy active as long priceholds above@ 6519.87 Sl 6457.7 Tp 6610
We will only take long if price will come back to our support