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!
UK 100
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.
UK100 500 PIPS - LONG OPPORTUNITYBroken resistance and trendline, watch this one go right through, may pull back first...
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.
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.
UK100 GBP SELL (UK 100 - POUND STERLING)Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the top of the pattern and watch strong price action for sell.
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6771 (61.8%, 100% fibonacci extension, 50% fibonacci retracement, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 7002 (76.4% fibonacci retracement, horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6771 (61.8%, 100% fibonacci extension, 50% fibonacci retracement, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 7002 (76.4% fibonacci retracement, horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 7013 (50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 6771 (61.8% fibonacci extension, 50% fibonacci retracement, horizontal pullback support).
Stochastic (83,5,3) 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
UK100 Bounced Off Support, Potential For A Further Rise!UK100 is bounced off its support at 6613 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.
UK100 Bounced Off Support, Potential For A Further Rise!UK100 is bounced off its support at 6613 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 6919 (61.8% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6705 (61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) 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
UK100 Bounced Off Support, Potential For A Further Rise!UK100 is bounced off its support at 6628 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 6787 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6543 (61.8% fibonacci extension, horizontal swing low resistance).
Stochastic (55,5,3) 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
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6609 (61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 6906 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
UK100 Testing Support, Potential BounceUK100 is testing its support at 6628 (50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is testing its support at 3.6% where a potential bounce could occur.
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6609 (61.8% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 6906 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce 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
UK100GBP Trying to break free? (15 mins Heikin Ashi chart)Keep close eyes on this chart, wait for bounce or confirmation to decide for a long or a short.
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