UK100 Ascending Triangle Long Position
Entry: £6,861.3
TP & RR: £7,036.9 (2.21)
Stop Loss: £6,781.8
REASONS FOR THE TRADE
Unfortunately, this is not a trade that I will take since I already have enough positions for the day and my system prohibits me from being overexposed. From a technical point, this seems like a sound trade - testing lower trendline in...
As UK100 index is looking a good buy position after Brexit Deal between UK and Europe is supporting UK Assets.
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Hey Every-one
Here's an idea on the FTSE 100 looking at it from the 4H chart which is trading in a descending triangle structure on a couple of time-frames but more focus on the 4H. The index just tested the bottom of structure or rather support looking for a push up with the bulls to respect the descending triangle structure before we see any break-out of any...
Good Day EVERYONE
A look at the UK100 index that Rallied up with strong momentum just looking for a continuation of this move with the BULLS. key > RIDING THE TIDE.
let's see how it goes
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR...
UK100 after the first upper leg has retraced till the 0.382 fib level before starting a new move to the upside.
On the daily chart market has been in a side range between 6100 and 6300 with a first false bearish breakout and a clearer sencond one where the bulls took the liquidity to start the new leg.
IF the market will clearly break the weekly structure to the...
Good Day Everyone
Here's a look at the UK100 which has been range bound in an ascending triangle structure but looking from higher time frames the sentiment is still bullish on the index so will be looking for a continuation of this move to the upside the trade will be taken on if we see significant moves with the bulls and begin to trade above level 6329.11...
As we see on the Chart The $UK100 Index testing the first resistance (1) and in my own view it will break this resistance sooner or later to test the resistance (2) Which is a previous semmit especially after the fake break of the uptrend (the bullish channel in general), After that we may see a new peak on the level (3) on the Chart and this enhances the rise of...
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;
