Buying UK100 at market.UK100 - Intraday - We look to Buy at 7000 (stop at 6940)
Previous support located at 7050.
Previous resistance located at 7100.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 7150 and 7170
Resistance: 7100 / 7150 / 7170
Support: 7050 / 7000 / 6950
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UK 100
UK100 13th JUNE 2022100 selected UK big companies that are components of the FTSE 100 index, only 9 stocks record gains, while 91 stocks losses and 1 stock traded unchanged. Bearish trend may end this week. I see a bullish potential, the price is in the weekly strong support area. With a tail tolerance of 4.3% below the support area. Price is possible to be bullish in the future.
FTSE 31st MAY 2022OANDA:UK100GBP have no power to breakout above the highest resistance area Aug 2019 - Jan 2020. Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area . However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat indicator value tends to bearish.
Bearish potential on the UK100 Weekly, Check this out :
UK100 Weekly
Timeframe. According to the stochastic 5 3 3, it seems to be back in the overbought area, it will be strengthened to bearish if the indicator crossover.
FTSE100 One of the best index buysThe FTSE100 index is approaching its 2022, a rare feat among the leading global stock indices, the majority of which are making Lower Lows. This strength is technically derived by the bullish dynamics of the Fibonacci Channel Up it has been trading in since 2021, which only broke during March's correction.
The price action since April 10 is similar to the sequence of August 11 - October 11 2021. The bottom on both pattern was made after the 1D MA200 (orange trend-line) broke. The latter sequence went on to make a Higher High on the 1.382 Fibonacci extension. That extension on the current pattern is around 7860 and that is our Target by July.
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UK100 12th MAY 2022Bullish potential on the OANDA:UK100GBP Daily Timeframe , The price have no power to breakout below the support area Aug 2019 - Jan 2020.
Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area . However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat indicator value tends to bearish .
UK100 4th APRIL 2022
UK100GBP Head & shoulders patternHello people, doing some late night research for the week ahead for trading. I found this (almost perfect) head and shoulders pattern on the 4h timeframe on the UK100GBP chart. Head and shoulders pattern is a reversal pattern so we could be seeing more bearish movement this week.
Theres also some Ichimoku cloud bearish signals which some are RED cloud, Conversion line cross below the base line (Ive highlighted it) and price is below the cloud and base line. The last signal i'm waiting for is the lagging span to cross below the cloud before I enter any trades.
Make sure to do your own analysis and research.
I hope some of you find this helpful and have a great trading week.
UK100 long has presented 😀📈Trade details for current trade are shown on the chart.
Trade has been live since 8:45 UK time and we are using our POW reversal script.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Previous trade can also be seen on chart a short which TP before the new long trade presented.
Trade history can be seen at the foot of this trade idea too for full transparency.
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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
Update on UK100 - 100GBPFirst position got stopped out due to premature entry without clear break of minor structure. The short position in my opinion still valid. Re entered after 1hr confirmation. Swing trade.
UK100GBP Short OpportunityPrice trigerred my sell entry. I expect price to create now a lower low on the daily time frame after this daily timeframe pullback wave of creating a lower high gets to an end.