Setup: Squeeze breakout Trade rating: 4/5 Reward: risk: 3:1
The UK100 has been range bound since BREXIT, with some price action discipline a great long term profitable trade we've enjoyed for over a year. The orderflow has been perfect when matched with price action queue's when to enter the trade and exit the trade. But recent uncertainty in the UK economy (thanks to excessive borrowing and reduced taxation promises) and...
This market is witnessing an unusual movement and the possibility of a decline is very high My advice is to sell
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
ABCD Pattern forming and the fact that previous double dropped approx. 170 points, UK100 is expected to test support to reverse from 7260. Another fact is ABCD projection showing the exact support point @ 7260 The overall trend could still be bearish for next week, look for a second entry short to confirm, for now, a short-term sell till 7260 may work. Buy @ 7390...
Hi Traders, Today we are on the UK100 In the 4-hour time frame, we see a nice double top. My entry was the deepest point of the neckline. I waited for the price to retrace to the deepest point at the top of the resistance of the neckline. My short position opened then. I had confluence from the divergence across the MACD as well as the large bearish volume...
UK100 CFD had broken the support of the triangle pattern that was formed on the 1H graph. The histogram of MACD indicator is still below the zero line, also confirming a bearish outlook for the instrument. If the price of the instrument continues its current movement, it might reach levels below 7040. On the other hand, if price reverses, it will most probably...
According to A falling wedge pattern is seen as a bullish signal as it reflects that a sliding price is starting to lose momentum, and that buyers are starting to move in to slow down the fall. Divergence on CCI
Just from my technical analysis I see a bearish movement is the works for many of the indices. But for now I'm covering the UK100. the UK100 has hit a quadruple top so it needs some thing to help it breakout so that would be the rat decision next week and the CPI on Jun 22 2022. Boris Johnson no confidence vote could have been a bearish catalyst so lets see where...
Shorting UK100 high probability of price drop before another bullish run. Take caution and don't over risk it. Will add more analysis description shortly
Price has rejected main resistance level, 4H candle just closed as bearish engulfing so I'm expecting to price comes down to the previous low level since the main pattern on Daily and weekly are channel UP I believe it will touched there and bounced back up.
FTSE might be headed for correction after slowed down growth among supply problems due to the war in Ukraine and the COVID outbreak in China, which is pushing up costs to a levels last seen in 1970s. FTSE will most likely drop to its previous low of 7339 and from there it might try to test its previous low of 7050. If it decides to reverse, it will most likely...
Hellooooooo PIPIN TRADERS. This is one of the trades I will be looking at for the next few days before I post another update/analysis on this index, RISK TO REWARD 1:4
This is the scenario of panic and chaos I will be moving my SL with the change of price downward. inflation and higher interest rates will result in vanishing billions of dollars from the United Kingdom. Even the split of UK can result in the collapse of a nation that was known as a ruler of the world. with ongoing geopolitical inside and outside Uk Its better to...
Hi there, UK100 has reached the BIG RESISTANCE LEVEL. Every time UK100 reached that level, it has ALWAYS got sold down. It may RETEST the resistance level for a 3RD time then SHORT. The MARKET is currently at A DOUBLE TOP. TIME FRAMEE = WEEKLY kind regards
Trading UK indices lately.. You should have been long on the smoker fall. Then long after when we hit comfortable support. Then long again. and again. This really helps. Trade with SCALE.