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Uk100gbp_setup

UK100 FTSE Technical Analysis & Trade Idea#UK100 Observations: - Monthly and weekly charts indicate weakening bullish momentum. - Significant resistance encountered at a key level suggests a potential reversal. - 61.8 Fibonacci retracement zone identified as a logical downside target. Trade Idea: - Short position on the #FTSE. - Place stop-loss above recent swing high. - Primary target: Previous swing low on the daily (1D) chart for a 3:1 risk-to-reward ratio. - Consider partial profit closure at the 1:1 risk-to-reward level. Important Disclaimer: This analysis offers a technical perspective and not direct financial advice. Conduct thorough market research and implement sound risk management strategies before executing trades.
PEPPERSTONE:UK100Short
by tradingwithanthony
FTSE pulls back into support zone, bullish trend remains strongAn interesting setup may have formed on the FTSE 100 daily chart. It has seen a strong rally from its October low and since produced a relatively shallow pullback from the 7600 resistance zone. The RSI (2) was oversold on Thursday and curled higher on Friday, which closed the day with a Spinning Top Doji candle to suggest a swing ow has formed. Furthermore, the 50-day EMA and monthly pivot point are supporting the pullback, so we’re now looking for a bullish swing trade and for the market to move higher. Take note of the plethora of UK data released shortly, and the UK are set to release employment data tomorrow, inflation data on Wednesday and the BOE announce their monetary policy decision on Thursday.
TVC:UKXLong
by CityIndex
FTSE 100 LongHello guys. According to the higher timeframe of this index (1D), the trend is forming a falling flag, which might be a strong indicator of a bullish momentum. According to the lower timeframe(1H), there is a formation of a falling flag, which has been completed and the index has broken out of the trend forming a bear trap. I anticipate that the price might reverse and a bullish momentum might start. Also, the market client sentiment indicate that most traders are shorting the index(80%) and we are aware that the price moves against the crowd. My entry position is at 7440, TP targets at 7490, 7540 and 7590. My stop loss is at 7390. My R:R target is 1:3. Remember, risk only 1-2% of your account and when the first target is hit, move your SL above the entry point!
OANDA:UK100GBPLong
by Vapari_Inc
UK100GBP technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 UK100GBP technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formed, technicaly picture good, expecting to see push in price till FIBO 0.6 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
OANDA:UK100GBP
by UnknownUnicorn3983388
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.
OANDA:UK100GBPLong
by UnknownUnicorn890690
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