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Uk100_setup

FTSE100 - Triple bottom formedFollowing on from my previous idea, the FTSE has continued to show strength at this level of support. A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern. If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a steepeer slide. However, because the bad news has been absorbed, we can assume traders are bullish (for now). I think the only thing stopping the FTSE from moving up is the current fears around lockdown on the continent. Technically speaking, I like how the chart looks. Bulls seem to be defending the 6700 level well. Fundamentally, the fears over lockdowns worries me about this setup, but I'm still confident it will play out. See chart for entries and exits
OANDA:UK100GBPLong
by pasojov
UK100- Expanded Flat patternIn the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed. By break down of the downtrend line in the 60-minute chart, hopefully, we can expect the continuation of the downtrend with 6150 targets.
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by NirmataFX
UK100 Ascending Triangle - Long OrderUK100 Ascending Triangle Long Position Entry: £6,861.3 TP & RR: £7,036.9 (2.21) Stop Loss: £6,781.8 REASONS FOR THE TRADE Unfortunately, this is not a trade that I will take since I already have enough positions for the day and my system prohibits me from being overexposed. From a technical point, this seems like a sound trade - testing lower trendline in ana ascending triangle and the Market Flow indicator printing a divergence. My sixth sense tells me, however, that this trendline may not hold... but it's usually wrong, that's why I count on technical indicators. The Stop Loss is far enough for you to evaluate if the price will drop down or will bounce up and start heading towards the target. I will not count this trade in my journal but I will continue to update it as it goes.
OANDA:UK100GBPLong
by Quant_
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
OANDA:UK100GBP
by ClubeXo
1
Lets try something new...UK100 Short trade setupNormally I only trade Forex pairs and it has been a while since I last traded any indexes. But I was strolling through markets and saw this opportunity so I analyzed quick and opened a short trade @7216. My quick analysis The Market has reversed at the end of July and stayed in a Down Trend ever since. Now we can clearly see Resistance @7305 so that gives us a nice opportunity to go short and aim for a Lower Low. In this setup I used the Fibonacci Retracement tool to look for a TP level and found one @6992 (fib 0.618). The Market is already down -0.47% while writing this text so I don't know if there will be a good window of opportunity for long. My StopLoss is set @7336 I don't know what to expect of the duration for this trade but I have patience and confidence. Lets wait and see what happens!
TVC:UKXShort
by Cas4xx
1
UK100GBP - Possible 10:1 Return Depending On Your EntryIt all starts with price action. After a loss of downside momentum we have made a new high (purple) which indicates some bullish strength. It has also completed a shark pattern at the 1.13 which is great, this shows a new high has been made, but we could be due for the pullback now, before a new high is made. I will be looking for this bearish shark to become a Bullish 5-0 on it's retest of old support (the bottom light blue zone is 5-0 buy zone) Another thing I like to see is if there is VOLUME at the price I'm looking to buy, which there is. We want to buy WITH the smart money, and they have been buying at the spot recently as well. I have also drawn the potential channel we could be in using a method I teach with three drives patterns. The dark blue line is an ABCD projection for where the possible New high could be. It is also a bearish 61.8 and Strong spot where sellers are sitting. My stop will depend on my entry signal, I'm looking for a butterfly or crab to complete in the blue zone, this could make a big difference. But 50 pips will be my maximum! I'm really looking to use a 25 pip stop. I typically go in a scalp these moves and hold them for the long term. I believe we are due for the dip/pullback because we just knocked out our previous swing low on the 1HR, momentum has shift to the downside on the 1HR. Also, keep in mind we have MAJOR MAJOR news for the EU dropping right around the time of this buy idea, which could be the catalyst we need to push price up. We are a long ways away from buy though, we need to see how price structure looks if it comes back down, things can change Enjoy
OANDA:UK100GBP
by elevatedinvestor
UK 100 to SELLMarket has been on a downtrend following a break in channel, as observed in the trend line. Retest to the upside has occurred. Market dropped below trend indicator before and after retest. Expecting further drop from here as we are in a downtrend. Scalp/day/swing trade market to the downside. Pick your entry point wisely. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allowed for candle wicks. There is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire.
OANDA:UK100GBPShort
by Dani0
All aboard the MONEY TRAIN... next stop CASHVILLEWe can see a trend line ( blue line ) that has been respected recently ( price coming down to touch it then bouncing ) And price has also been respecting our support/ resistance line ( green line ) you can also see this from where price has touched and bounced. Price is currently at this level and is testing it as support, now we think price will bounce and make a bullish run.... our reason for this is because the current candle that closed on Friday was a nice bearish candle, but it also had a longish lower shadow, this means that bears tried to push price bellow support but failed and bulls pushed price back above and closed above key support. Also on the monthly chart price is forming a bullish candle after the past couple of months candles have also been bullish, this indicates a lot of buying power, and also on the 4H chart price is also respecting this level. So you can ignore setups like this if you want or you can join me aboard the money train on a 1 way trip to cashville.
TVC:UKXLong
by ApexFX_Pro
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 7183 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 6922 (100% fibonacci extension, 38.2% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:UK100GBPShort
by Tickmill
1