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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The stats for this pair are shown below too.
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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.
Are UK equities in danger?First things first, let's set the scenery with some backnotes:
- US equities are a ticking bomb as well
- Bitcoin is stuck in a tight range and looks for the driver to lead the next move
- Inflation keeps rising in the US while rumors for deflation are growing as people believe that 2008 is going to repeat again
- USD Index is in a global uptrend
Since we have the background, we can go into the technicals of the major UK index.
United Kingdom has yet to recover from the 2020 crash which makes it so suspicious that dark clouds are being gathered above the City. However, even if the index could just accumulate some momentum and make new 2021 highs, the timing is the worst now, as the US indices are already rocketed massively. As that said, it is really likely that a rush above the supply area would be the poisonous apple that would trigger the waterfall effect afterwards.
With the nearest floor being solid at 5400 - 5800 area, UK100 has surely a lot of room to fall before it can actually find some reliable support from the bulls.
Time will show what's next but one thing is for sure; dark clouds are being gathered and any bullish move would be psuedo-euphoric.
Take care!
UK100 - POTENTIAL EITHER WAYAll depends on open and how Asia foresees the UK economy in the upcoming weeks. Don't forget, the UK is co-hosting the Euro's and with the football going on the pubs are rammed and the economy is on the right tracks.
FTSE100 Possible sell and buy setups with entrys.Good evening all, I am overall forecasting a bull move coming in for the FTSE 100 shortly... this is due to price failing to maintain the HH HL price action.
HOWEVER....
We all know we trade what the market gives us which is why I always have multiple entry's for both bullish and bearish should price decide to go against my forecast. Now, every entry you see is based upon a key level, they are not just placed in random places...
Of course guys this goes without saying but this is just for educational purposes and copy this trade at YOUR OWN RISK.
Remember never risk more than 1% and aim for at least a 2:1 RR.
Good luck for the rest of the month guys and I am also open to hear you guys forecast for the week ahead.
FTSE 100 Looking For Long After RetraceThis is making a retrace after spiking 3 days ago. I am looking for an entry around 0.5 Fibonacci as this aligns with some previous resistance although it is best to wait for confirmation as it could drop further. Once we see a rebound target will be at a new high and where it will meet resistance of 7004.
FTSE Enter Long on RetraceFTSE 100 has had a big push higher, want to see a retrace before entering a long. Once it peaks on the current spike look for retrace to around 0.382 Fibonacci for entry. I have set target at a new high of 7004.4 although there will likely be some resistance at the previous high so can also take profit there and re-enter on the retrace from there.