UK100 Supply And Demand 1hr SupplyHere is a nice 1hr RBD supply zone that has been created from the daily dBD supply
UK 100
UK100 - GBP BUY (UK 100 INDEX - POUND STERLING)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
UK100As you can see, price has broken the downwards channel. Price is currently heading back down to retest the channel. One of two possible scenario's will take place;
1 - Price will break through, back down into the channel and continue downwards
2 - Price will reject the channel, thus reversing the current downtrend and will begin to make moves to the upside
In this current market, anything can happen. We can only trade what we see and should never try guessing. I will wait for the retest and enter a position depending on how price reacts.
Bearish Trend to Touch 1.271 Monthly in Crab PatternThe Detail Is shown in above Idea
Harmonic Crab Has formed on Monthly View So far.
and Hidden Divergence in Daily Trend Help Crab to Form Completely.
UK 100 Potential Bullish GartleyPotential Bullish Gartley on UK 100 Weekly Chart
*Watch for price action around the entry point and tighten stop loss after trend reverses
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.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
UK100 POTENTIAL BUY SETUP Plan : Buy when price come and test the green zone. Wait for a bullish candle confirmation.
Please follow this channel for more update :)
UKX Price Action Analysis | Distribution SchematicThe Distribution Schematic #2, by Richard Wyckoff:
bit.ly
UK100 is currently in Phase D and has already done a Bearish SFP, which indicates a possible downtrend. This seems like a nice example of the Distribution Schematic #2 and also has a fundamental background due to #Brexit. Rest is Risk Management.
Entry: 7390
SL: 7810
TP-1: 6910
TP-2: 6610
TP-3: 6360
R/R: 2.44
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
UK100 - If you like big money moves UK100 delivers?When UK100 moves, it moves Big - Big Losses - Big Wins. Is your psychology right for this pair? Well it time to 'mine for diamonds' (Fib ABCD patterns). We hit a deposit. So let's fill our buckets and get out of here!! Let's see what pattern forms at this area of interest 'C'. Then, we will see if it tunnels over to 'D'. Remember - You only need a small chunk out of UK100, don't stay in too long til it starts to bite back.
FTSE updateWith US manufacturing data yesterday triggering recession fears, FTSE dropped along with other indices. Looks lkie wave i of wave C started. Now at 200SMA on 4 chart.
Once support is found, we could close shorts and buy the pullback on wave ii.
Good Luck!
UK100 Look For The Down MoveHello traders,
We had a strong down move in the beginning of August which we have been correcting thus far and now I am looking for that continuation down to the 6700 / 6600 range.
I will re-evaluate the action in the coming weeks to assess whether or not I think this will be the complete reversal and probably the inevitable recession or back up to break and make new highs (which I think will be the case by the way).
Check out some of my other ideas posted under 'related ideas' down below.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below.
Don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
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
UK100 (FTSE 100) is in a second leg of a correction to hit 6710 The UK100 could have finished the flat correction and now it is heading south.
The wave C blue could drop to the 6710 where C=A.
FTSE updateResistance zone worked to add another long on the break or pullback, whichever you chose. Now we see rapid rise in FTSE this morning, additional long position can be taken if we wait for the pullback. Good Luck!
FTSE updateThe break happened by the book and going well. Now at small resistance zone, a pullback here would be welcome as we could add another long at the low of the pullback. Going to small time frames to see catch that low. This is the start of the B wave.
End of summer today so many traders and investors will be closing trades. Expected high volatility at the end of London session and New York session.
Good Luck!
UK100/GBP Could aim higherThe UK100/GBP pair has been appreciating in an ascending channel pattern since the beginning of June. The pair reversed north from the lower boundary of the channel pattern at 7088.8 on June 3.
The 200-hour simple moving average was providing support for the pair at 7481.0 during the morning hours of today's trading session, while the 50– and 100-hour SMAs were providing resistance at 7539.1.
Most likely, The UK 100 index could continue its upward swing during next week's trading sessions. The potential target for bullish traders would be near the weekly R2 at 7640.2.
However, the resistance cluster formed by the 50– and 100-hour SMAs might provide resistance for the pair in the nearest future.
UK100 Index, Buy entryI opened buy near key level
- 7531 mirror level
- Fake break out on the daily chart
- Potential profit in 5 times bigger
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.
