UK100 CFD
UK100 will go up once again, View descriptionUK100 has reached a low RSI of 30 therefore the market holders would need to push the market back above the 30 rsi area so seems like a good short term buy may be even good long term buy just need to see the movements a little more before making an assumption, looks like it may reach point of consolidation near 6698.2.
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Good luck to everybody hopefully a productive trading week starting tomorrow at 5pm EST.
:)
UK100 MoveMent 2020/02/10-14 Hangover Sunday TA again, this is the first time I've paid more attention to UK100 so I'm abit out of my depth.
Here is what i have for the upcoming week, I suspect we will see two different previous patterns followed (unless yet another surprise piece of hype changes things).
Red Lines for descending triangle is me looking for a narrowed down FakeOut then breakout confirmation to begin a channel
(Look at my previous XAUUSD analysis for further info)
The WhiteBox on the Left is roughly where i found a similar pattern to the WhiteBox on the right.
The PurpleBox of the Left is what I suspect will happen with the PurpleBox on the right but this is where I'm really really reaching so it's a 50/50 idea.
Some Things to Note:
* Staring at these charts and accounting for some significant dates for Brexxit which makes TA very difficult to follow any feasible pattern.
* Brexxit I believe caused a super dooper dip out of the descending channel making it unmeasurable
* I suspect rumors will be crazy this week in prep for Feb 29th talks with EU trade causing a decent setup for a long/short, nfi till the hype is trending.
* MA will...
I suspect make a continuation up and test the top of the parallel channel so I'd monitor how long it sits there then re-tests to BreakOut or BreakDown...
This could be your moment to enter a Short, but that won't be till about mid-week if things remain steady.
Make what you want of it and let me know.
#UK100 #eXo #ClubeXo
FTSE: Bullish and bearish scenario explained.The UK index was strongly sold near the 7,730 Resistance this month and has so far reacted with a decline. This drop is so far being contained on the 1D MA200 (orange line). 1D has turned neutral (RSI = 47.582, MACD = 11.270, ADX = 21.739) which is normally an indication of support.
Following the Golden Cross late in December, this sequence is similar with the last Golden Cross occurrence in April, 2019. Same pattern with a top afterwards, rejection and support on the 1D MA200. So as long as the orange rectangle (seen on the chart) holds, we are bullish towards 7,670 - 7,730. If the orange barrier breaks, then selling will most likely escalate towards the 7,000 1W Support.
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Whitbread - Premier level to get inn? (Sorry!)Buy Whitbread (WTB.L)
Whitbread PLC is a United Kingdom-based company, which owns and operates hotels and restaurants. The Company is organized into a single business segment, Premier Inn. Premier Inn provides services in relation to accommodation and food both in the United Kingdom and internationally.
Market Cap: £6.38Billion
Whitbread moved sharply higher on the result of the election before Christmas as the price gapped higher. The shares have corrected lower in recent days to close the gap at 4654p and fresh buyers emerged. The shares are now breaking higher from a flag/pennant pattern on the daily chart, which suggests a continuation higher will be seen in the short term. The formation has a measured move target at 5940p, which is roughly 24% above the current price.
Stop: 4550p
Target 1: 5100p
Target 2: 5940p
Target 3: 6680p
UK 100 INDEX (UKX): Potential Short
UK 100 index is approaching 2019's high.
on 4H the price is consolidating within a horizontal range and I would suggest shorting the market in case of a bearish breakout of it.
Target levels will be 7450 / 7250 (based on structure)
* in case of a bullish breakout the setup will be invalid and the order will be canceled
Index UK100 aiming for Bear -LongBuyLongSellIndicator AnalysisDaily Chart view with LongBuyLongSellIndicator is used for this analysis.All details of this indicator is in my script page.
Refer my signature field below as well after this post.
The UK100 index following a harmonic pattern of Up and Down that is well matched with LongBuyLongSellIndicator Candle and BackGround colors.
Before moving on this analysis just have a look how the LBLS indicator is working.
Coming to the analysis the Blue marked top is the zone and UK may try to touch this before reversing ,however it may start falling immediately as the Global market trends are weak.
Share ,Like Follow .
OANDA:UK100GBP
UK100GBP, We are close to Historical High!!!The price is near the Historical High 7904.4.
A huge chance that it will bounce down.
The best place for Sell entry will be under the High after the false breakout.
Potential profit will be in 3...5 times bigger than risk.
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BT Group - Filled the gapBuy BT Group (BT.A.L)
BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as various communications services ranging from phone and broadband to managed networked information technology (IT) solutions and cyber security protection.
Market Cap: £18.96Billion
BT has broken out of a channel pattern on the daily chart. The shares recieved a boost following the Conservative win in the General Election and the shares gapped higher. We have now seen that gap get filled, which should attract fresh buying interest.
Stop: 181.6p
Target 1: 212p
Target 2: 230p
Target 3: 265p
Ready to Short ?The UK100 was trading in a range for the last couple of months and now is trading near the top of the range, we could have a good opportunity to short it at 7420-450 technically we have more than 70% probability for this trade to be accurate
The range is between 7060 and 7425 , and the UK100 is at 7385 right now we could wait a little to short it somewhere between 7400 and 7425 to target 7060 again
My strategy if to short it with a first line now at 7385 and a second line between 7400-7425 with a stop loss at 4760 and a target at 7240 this scenario is invalid if we close above 7450