uk100this index is falling , UK delaying reopen will hit it for aweek or some thing i will short it now
and buy the bottom latter next week .
take this on you own responsibility
UK100 CFD
AstraZeneca :Repetitive "Bearish Engulfing Line" Candle Pattern The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
FTSE100 - UKX - What is next?FTSE100 -UKX - What can we expect to happen?
I am strictly basing this analysis I share with you today on technicals only with additional aspects of trading psychology.
Technical Aspects:
We have a wedge formation, a break to either direction is key.
We also have the Fibonacci Retracement to keep in mind.
Support and resistance areas combined with key trend-line areas.
Who's in control?
The bulls at this moment of time.
What could we be expecting?
BELOW that key trend-line up in red - Bears get in control, targeting the next support area 0.618 area
ABOVE wedge area, the trend-line down is key area we need to focus on that's the next resistance area if we break either bullish momentum will continue and target areas next resistance areas. 161.8 areas.
I've suffered for years actually over coming this ego I had towards the market. To create consistency and to be able to produce the analysis I prepare for you today there is years of unsuccessful and hard work and I thank for those days today. I appreciate everything I've learnt about myself to get to where I am, the bad days lead to good days. However, what I learnt over the years is:
1. Trading is just probabilities, you're creating your probabilities higher through the analysis you prepare.
2. Patience is key, the trade wont go your way within minutes, the market doesn't care about you and you are NOT there to fight it because you'll get into bad behaviour of trades e.g. Chasing.
3. There is no one set way of trading, create your own plan - Create a plan that really suits you, trading is like having your own business. You are your own boss. Make the most of it!
4. Book won't teach you how to trade - real life practical works get yourself a mentor - get educated by the best with years experience. I use the analogy of learning how to drive a car personally I love cars, Ferrari 458 of my favourites - However, doing the theory test is key gives you great knowledge but the practical reality of driving you need practice, you have the rules and most importantly the edge on how you maybe able to shift gears for whatever you're faced with in-front of you. That's like trading.
Remember: Just a trade idea, not a recommendation.
Have a great week ahead.
UK100Possible sell scenario on uk100. If we break below 6247 we might go all the way to 6166 next. Not yet certain but id be looking out for this drop today.
#UK100 #FTSE Full Top Down Analysis & ForecastTraders, Like SNP500 and US30 we were expecting FTSE 100 to be bearish too.That's what has happened. Now it has reached a level where it could start to move higher. So we need to see what lies ahead. Lets find out.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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UK100 6208.7 -0.58 % UPDATE ON THE INDEX * CONTINUATION PATTERNSGood Day Everyone
A look at the UK 100 - FTSE currently on a strong bearish move on higher time-frames looking for a continuation of this move with the bears on the index, the index is currently at support level 6211.6 looking for a break below to trigger the trade and significant moves to the downside to confirm a move with the bears. a break and retest of this level will confirm the move among other things. lets see how it goes....
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - DAY TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
$UK100 #FTSE100 Index - Into 3300 and buyside $ this 6200 level is key ! Long above stops below 6190
UK100Rejected purple dotted line 6320, has respect the rule of the “trend line” and has tested and gone short after breaking through. I see a short to 6200 where they’ll be a retrace and continuation back down or turn bullish and retest 6320.
Trade at your own risk.
UK100 6305.1 + 0.82 % LONG IDEA * STRUCTURE & CONTINUATIONGood Day Everyone
Here's a look at the UK100 which has been range bound in an ascending triangle structure but looking from higher time frames the sentiment is still bullish on the index so will be looking for a continuation of this move to the upside the trade will be taken on if we see significant moves with the bulls and begin to trade above level 6329.11 among st other factors lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
UK100 Long Trade SetupHello Traders
My forecast is one more upside for the completion of the B wave. That's why I want to take a long trade in order to hedge it at 0.786 retracements of the A wave. I'm waiting for a correction over the trendline to place a pending order. I'll put SL under the trendline.
Trade with care.
Bulent
FTSE trade planPrice formed a falling channel near the resistance zone. A break higher is a continuation signal to target 6500, previous highs. 2nd target is at 61.8% fib retracement of the March sell-off.
Sentiment is positive as markets prices in the reopening in UK and Europe.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
UK100 consolidating below resistance 🦐The market has been consolidating below the daily structure.
Price already attemp to break it once but got rejected..
IF the price will manage to break above at the retest we can look for a nice long order according with our strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
UKX Potential Short IdeaAccording to last week movement and market structure, I found a potential reversal zone. Hope it helps! :)
Risk to Reward 1:2
WARNING: This is just my idea and check Monday's movements and decide by yourself!
FTSE DOWNkey:
dark blue lines are day
yellow lines are yellow
white lines are month
red lines are patterns (descending triangle)
what we have here on the daily time frame is a descending triangle winch means the price will probably brake to the down side
Also u can see that yesterday we had a candle up to the months high at 6,325 and got pushed back down to blue line at 6,296.
as u can see with to days open we had a rejection off the previous days high and have support on today's low
how i would trade this is wait till the brake out happens to know direction
FTSE testing trend lineFTSE failed to break resistance zone and sold lower. Now approaching support at the trend line, 200SMA and 6000 level. A break lower would trigger a sell to lower levels.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
4 ENTRIES UK100 PREDICTIONAs always please use risk management,
Due to what I'm expecting i believe in a good long for tomorrows trading session.
FTSE trade planPrice showed a break of the consolidating triangle. Now at resistance, previously confirmed. Wait for the break to buy to the next level of 6500.
As more of UK businesses reopen, stock market is expected to be bullish.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
UK100!painting the current picture on FTSE as a wedge , so far sticking to bottom trend line but a break is possible.
If trendline holds, back up to test the higher trend line before continuation of bearish momentum.
UK 100 / FTSE 100 (SHORT)FTSE 100: the opportunity is SHORT as the market will collapse under deflationary pressure!
