UK100 - SHOPPING TIME IS OVERTeam, yesterday we went long UK with target hit
as Today, I expect the downtrend hit toward 8080-65
So please enter slowly with RISK MANAGEMENT
Our target is 8096-8115 - TAKE SOME PARTIAL and bring stop loss to BE.
Target 2 at 8132-46
Target 3 at 8178-96
We play our STOP loss far away at 8035, if it hit stop loss RE-ENTER again. with another 30 points stop loss
UK100 CFD
$GBINTR -B.o.E Cuts RatesECONOMICS:GBINTR
(November/2024)
source: Bank of England
-The Bank of England lowered its key interest rate by 25 bps to 4.75%, in line with expectations, following a hold in September and a quarter-point cut in August.
The U.S Fed ECONOMICS:USINTR is also expected to cut rates by 25bps today, following a larger 50bps reduction in September.
Traders are keen for signals on future policy, particularly after Trump’s re-election.
UK100 - it has been a whileTeam, with the UK100, we have not been trade since last week
we want to want for the RATE announcement
today 25% basic points is off the market
ENTER long/buy at 8150-55
We will consider add more at 8115-30
We need to move our stop loss far so we can move back once it it hit our first target like 8080-8065
Target 1 at 8180-82 - once it hit our target - take partial and bring stop loss to BE
Target 2 at 8225-40
Target 3 at 8245-65
Remember to enter slowly with RISK management.
UK100 H4 | Rising into 61.8% Fibonacci resistanceUK100 is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 8,231.90 which is a swing-high resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 8,260.00 which is a level that sits above the 61.8% Fibonacci retracement level and an overlap resistance.
Take profit is at 8,168.78 which is a swing-low support that aligns close to the 50.0% Fibonacci retracement level.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FTSE UK100 Reaches Key Demand Area Amid Seasonal TrendsThe FTSE UK100 index has recently reached a crucial demand area, igniting traders' interest amid seasonality patterns observed over the past decade. Historically, this time of year tends to witness upward momentum in the index prices, making this a significant area for potential bullish moves. Given the historical context, many traders are closely monitoring developments as they assess whether the index will follow suit and initiate a rally.
From a fundamental perspective, the recent Commitment of Traders (COT) report provides a tantalizing glimpse into market dynamics. It reveals that while retail traders are predominantly bearish, "smart money"—the institutional investors—appear to be accumulating long positions. This divergence is notable; retail sentiment often serves as a contrarian indicator. With smart money stepping in at a demand zone, there is potential for a bullish reversal, which could support the index as it seeks to capitalize on favorable seasonal trends.
Moreover, the broader economic landscape remains conducive to this optimistic outlook. As the UK grapples with various macroeconomic factors, including inflation rates and monetary policy responses, investor sentiment has become increasingly nuanced. A stronger performance in the FTSE may be supported by sectors that typically thrive during this time, such as commodities and financial services, providing tailwinds for the index.
As traders look ahead, the focus on a bullish scenario is intensifying. The critical consideration is whether the FTSE UK100 can sustain momentum above the demand area, signaling a recovery phase that may align with both historical patterns and smart money positioning. If the index can maintain its footing and demonstrate strength in the coming sessions, it may very well affirm the bullish sentiment among those advocating for a market upturn.
In summary, the convergence of seasonal patterns, contrasting market sentiment as illustrated by the COT report, and the strong fundamental backdrop paints a compelling picture for the FTSE UK100. Traders are poised to explore opportunities in a potentially bullish scenario, keen to see if the index will follow historical tendencies and deliver a strong performance in the latter part of the year. As always, careful monitoring of market developments will be essential in navigating this promising but complex landscape.
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FTSE Index Rebounds from Near Three-Month LowFTSE Index Rebounds from Near Three-Month Low
The chart for the British FTSE 100 index (UK 100 on FXOpen) illustrates:
→ Indicated by the red arrow: Yesterday, the index fell below the 8100 level for the first time since early August, driven by bearish sentiment in the U.S. stock market following reports from Microsoft (MSFT) and Meta Platforms (META), as we noted previously.
→ Indicated by the blue arrow: Today, the FTSE 100 is rebounding on the back of local economic data releases, including UK housing prices, which, according to Trading Economics, grew less than expected.
Technical analysis of the FTSE 100 (UK 100 on FXOpen) suggests that the UK stock market may be entering a downtrend, as:
→ It’s plausible that the market has been in a period of consolidation since September, forming a narrowing triangle pattern between the Support and Resistance lines.
→ An attempted bullish breakout of the Resistance line in late October failed to trigger an uptrend, while the bearish breach of the Support line appears more substantial.
→ The arrows indicate that today’s uptick may simply be a bounce from the lower boundary of a descending channel.
What’s next?
Given the correlation with the U.S. stock market, traders will likely focus on today’s key U.S. employment report due at 15:30 GMT+3, which could provide critical signals on interest rate prospects ahead of next week’s Fed meeting.
As long as the FTSE 100 index price (UK 100 on FXOpen) remains below the 8220 breakout level for the Support line, it appears the bears retain greater control.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
UK100 - WE HAVE TWO STRATEGY TODAY TODAY!Team, yesterday we hit all targets for UK100; we killed the BEAST.
Today, we have reviewed our strategy,
Strategy 1 - we wait for UK to hit above 8220-24, then we enter LONG with stop loss at 8205
Target at 8242-46 and 8256-63
Strategy 2 - Because we do not want the BOT (market maker) to hunt for STOP LOSS,
We will wait for the price to hit 8176-7182; we can ENTER long, With STOP LOSS at 8160-56
Target at 8226-32 and 8245-56
SHORT UK100 - one way ticket Team, apologies I did not send out earlier about the short position in the UK
however, in another few hours, the UK market is likely to open
We want to short at 8292-8306 - with a stop loss at 8335
Target 1 at 8276
target two at 8265
Target 3 at 8254-45
Once it hits our first target, please bring stop loss to BE.
FTSE Bullish break-out taking place. Target 8650.Almost 2 months ago (August 30, see chart below) we called for a rejection of FTSE 100 (UK100) back to the Symmetrical Support Zone (SSZ), where our next buy entry would be:
As you can see, the price action duly delivered and the price has been gradually rising off the SSZ to the point where last week it broke above the Lower Highs trend-line. The 1W RSI is also about to make a bullish break-out above its own Channel Down.
We have seen this kind of pattern during the previous two Bullish Legs since late 2022. Every time they broke above the Resistance Zone, the price peaked around the 1.382 Fibonacci extension. As a resut, our new long-term Target is 8650.
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UK100 - been waiting 8 hours for the price to formTeam, we have been waiting for the UK to hit our price to short
short price at 8392-97
STOP LOSS AT 8415
Target at 8676
Target at 8353
Target at 8336-27
Once it hit our first target - take 70% profit, the remaining bring stop loss to BE if you plan to target further.
$GBIRYY -U.K CPI (September/2024)ECONOMICS:GBIRYY 1.7%
source: Office for National Statistics
-Annual inflation rate in the UK fell to 1.7% in September 2024, the lowest since April 2021, compared to 2.2% in each of the previous two months and forecasts of 1.9%.
The largest downward contribution came from transport (-2.2% vs 1.3%), namely air fares and motor fuels.
Fares usually reduce in price between August and September, but this year this was the fifth largest fall since monthly data began in 2001.
Also, the average price of petrol fell to 136.8 pence per litre compared to 153.6 pence per litre in September 2023.
In addition, prices continued to fall for housing and utilities (-1.7% vs -1.6%) and furniture and household equipment (-1% vs -1.3%) and cost rose less for recreation and culture (3.8% vs 4%) and restaurants and hotels (4.1% vs 4.3%).
Meanwhile, services inflation slowed to 4.9%, the lowest since May 2022, from 5.6% in August. On the other hand, the largest offsetting upward contribution came from food and non-alcoholic beverages (1.9% vs 1.3%).
FTSE 100 H4 | Potential bullish breakoutThe FTSE 100 (UK100) is trading within a symmetrical triangle chart pattern and could potentially break above it to rise higher.
Buy entry is at 8,266.17 which is a potential breakout level.
Stop loss is at 8,210.00 which is a level that lies underneath a multi-swing-low support.
Take profit is at 8,331.28 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Footsie Hasn’t Topped Yet; Shows Bullish PatternWe talked about Footsie back in May 2024, where we mentioned and highlighted an ongoing 5th wave in the weekly chart with space up to 8800 – 9400 target area.
Footsie a.k.a. FTSE100 or UK100 stock market index is still bullish with nice and clean inverted H&S pattern on a daily chart. After a higher degree A-B-C correction in wave (4), it can be getting ready for a bullish continuation within wave (5) by a new lower degree bullish setup formation. With sharp leg up into wave 1, we are actually tracking an a-b-c pullback in wave 2, where subwave »c« is coming out of subwave »b« triangle, so ideal support is at 8100 – 8000 area, from where we should be aware of a bullish resumption for wave 3 of a five-wave bullish cycle.