Trade Idea: Buying FTSE 100
Reasoning: At daily support, looking for a correction higher
Entry Level: 7233
Take Profit Level: 7431
Stop Loss: 7152
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Trade Idea: Short term bottom formation
Reasoning: Price action
Entry Level: 7506.8
Take Profit Level: 7556.8
Stop Loss: 7486.8
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all...
A short term inverse head & shoulders formation.
Ideally, I should wait for a break of the neckline around 7600 before getting long but this is a Gun2Head challenge!
Buying at 7583 with a target 7655 and a stop at 7563
- if u are reading this u are witness to the beginning of what could be a legendary trade.
The chance of this to play out is about 20 pct.
- Atm im long dax and sp500 from the lows of 25th of January 2022.
But i shorted ftse today for to reasons:
1. Short setup confluences: Dobbelt top, failed auction of highs before covid, HTF inversive head and...
Price rejected the 4h bottom channel after a good retracement as government talking to start to easy the restrictions my be a good long position as many other Indices made back to all time highs' FTSE still have a lot of room to grow
Things are not looking good for the European equity markets.
Should the daily candle close below the current £5769 support, the March lows will be expected. Covid19 cases numbers are rising around Europe as Ireland becomes the first country to impose a national lockdown while Spain becomes the first country to cross 1m cases in Western Europe.
EuroStoxx 50 - >...
UK100 - Intraday - We look to Sell at 6320 (stop at 6360)
Prices spiked higher and stalled at resistance in early trade. Further selling pressure led to a reversal in price action. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Expect trading to remain mixed and volatile. We look for a temporary...