FTSE100/GB100 to continue bullishUp and coming IPO for the ftse100 could be currently priced into the market for a strong finish to 2021.
Looking for the shorter time frame entry 1h/30m.
Ftse100
FTSE - Sell Signal 📉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.
This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend.
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Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
UKX Hourly - Possible re-test of 6680/6700 neckline Looking slightly ominous on the hourly chart. Trend is still up and we have a bullish inverse H&S and bull flag still in play. A pullback here to 6680/6700 would be healthy and an opportunity to get long should we see the support hold.
UKX Hourly - Bull flag targets 6870 Successful break and re-test of bull flag on the hourly chart. Higher lows in place, as well as a potential bullish inverse H&S building which will be confirmed with a close above 6700. A number of SL levels available depending on time frame and risk tolerance - index has been very volatile last few trading sessions. I will look to re-evaluate on an hourly close below 6590
UKX Hourly -Bearish engulfing BUT on triple support My natural bias would like to see the index pullback further here - as we have seen the 6600 level has been a magnate the past few trading sessions. The hourly bearish engulfing would support a short position, but we do have the index on a triple set of supports. I'm waiting on the sidelines hoping for better levels to buy into my ISAs and SIPPs
FTSE 100 (UK100) - Simple and Clear MovesUK100 has been making clear impulse correction impulse. On lower timeframes, watch for shorting opportunities e.g. break of trendline near the channel resistance.
More in-depth analysis in the links below.
Trade Safe!
FTSE 100 (UK100) - Simple and Clear MovesUK100 has been making clear impulse correction impulse. On lower timeframes, watch for shorting opportunities e.g. break of trendline near the channel resistance.
More in-depth analysis in the links below.
Trade Safe!
UKX Hourly - Reversal candle off overhead lateral resistance Decent RR set up here - Targets are 6585 and 6560. SL = 6645 (daily high)
UKX Hourly - About to hit multiple resistance levelsWe had the beautiful bounce off 6480 lateral support as expected, and once again the 6600 level is acting as a magnate. Massive hourly candle, but about to hit a number of resistance levels, namely: prior channel support, 20SMA, lateral resistance. Risk reward looks decent and will be keeping trailing stop nice and tight
UKX Hourly - Approaching lateral supportTrend is still down, but feeling overdone in the short term. Looking for a bounce off lateral support to 6550.
UKX Hourly - Overhead lateral resistance holds 6700 appears to be the line in the sand for now... Looking for a pullback to the 6650 level. SL at today's high circ 6705
UKX Hourly - Bullish reversal triggers ST long position There's the hourly bullish reversal we were hoping for this morning. Nice long tail, bounced off support putting in place a higher low. Targets are 6626, 6640 and 6680.
VUKE Daily - VERY slowly averaging back inThis morning we got the gap close we have been waiting for. Using this as an opportunity to slowly start averaging back in (ISA & SIPP portfolios) as I am very underweight (current 21% vs. circ 70% total equities target). Suspect/hoping we still get better levels, but happy to start ticking away here after going underweight early last week.
UKX Hourly - Expecting tug of war at 6600As posted yesterday - we got the gap close and lateral resistance held at 6625/35. We do now have minor support now at 6600 and a flat 20SMA. Trend is still down, but will be keeping an eye to see if we can get a bullish hourly candle here - otherwise back down to sub 6500 we go. Patience required as we wait for confirmation.
UKX Hourly - Consolidating below overhead lateral resistance If this resistance holds - next support levels: 6583.3 (gap close); 6570 (re-test break out); 6490 (lateral support)
UKX Hourly-Looking at poss 6625/35 resistance for short re-entrySeeing a bit of a relief rally following last few days of selling. Trend is still down and we are floating between larger support at 6490 and resistance at 6625. Will be keeping an eye for a potential reversal from the upper 6625 resistance - and potentially even higher to 6635 where the price gapped down this morning - for a potential re-entry of my ST short position. Confirmation will be key.
UK100 Pullback gives opportunity for long on 4hr chartUK100 index has been moving in an up trend for many weeks!
Please see below rationale for the long position:
1) Long term price is to the upside - Daily & Weekly Charts
2) Price bounced back into 200 EMA (4hr chart) - Red line
3) Near term price action prompts upside - Black line drawn (still indicative rather than a conclusive trend line)
This will be a hold for more than a couple of days, therefore size accordingly. Risk management rules!
Hope this contributed to your idea generation and pip hunting activities!
Keeping it simple! Looking at the bigger picture!
UKX Daily - Ideally like to see 6600 gap filledWent underweight on Monday following the euphoria (extremely overbought on shorter time frames). Hoping for a pullback to the 6600 region where the price action gapped higher to start scaling back in - will also be a re-test of the breakout. However, there is a potential bull flag developing on the hourly chart (chart to follow). We currently in no-mans land as we await further developments.
FTSE 100 Looking For Long After RetraceThis is making a retrace after spiking 3 days ago. I am looking for an entry around 0.5 Fibonacci as this aligns with some previous resistance although it is best to wait for confirmation as it could drop further. Once we see a rebound target will be at a new high and where it will meet resistance of 7004.
