🔹 Trend Overview:
UK100 is currently consolidating between key support and resistance levels, suggesting a potential breakout scenario.
🔹 Key Levels:
📈 Resistance: 8,727 – A breakout above this level could push price toward 8,818.
📉 Support: 8,627 – If broken, price may drop toward 8,475.
🔹 Market Structure:
✅ Price is in a range-bound phase, with a possible breakout in either direction.
🚀 Bullish scenario: Break above 8,727 → Retest → Target 8,818 → 8,912.
⚠️ Bearish scenario: Rejection at 8,727 → Drop to 8,627 → Break → Target 8,475.
🔹 Trade Idea:
Bullish above 8,727 with targets at 8,818 and 8,912.
Bearish below 8,627 with targets at 8,475.
📌 Risk Management: Wait for confirmation of breakout or rejection before entering trades.
UK100 is currently consolidating between key support and resistance levels, suggesting a potential breakout scenario.
🔹 Key Levels:
📈 Resistance: 8,727 – A breakout above this level could push price toward 8,818.
📉 Support: 8,627 – If broken, price may drop toward 8,475.
🔹 Market Structure:
✅ Price is in a range-bound phase, with a possible breakout in either direction.
🚀 Bullish scenario: Break above 8,727 → Retest → Target 8,818 → 8,912.
⚠️ Bearish scenario: Rejection at 8,727 → Drop to 8,627 → Break → Target 8,475.
🔹 Trade Idea:
Bullish above 8,727 with targets at 8,818 and 8,912.
Bearish below 8,627 with targets at 8,475.
📌 Risk Management: Wait for confirmation of breakout or rejection before entering trades.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.