Uk100index
UK100 FTSE Technical Analysis & Trade Idea (see previous video)The UK100 has reached a critical resistance level and is showing signs of being overextended, particularly on the daily time frame. I foresee a potential retracement and am currently seeking a short opportunity against the prevailing trend. For a comprehensive analysis of this setup, please refer to my recent video post.
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.
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!
UK100 Analysis &Trade Plans Trade Plan A
1- A strong support area
if the price gets rejection then go for long
Trade Plan B
1- If the price breaks the
above support then go for short
at the new HH
FTSE 100 - Continuing the slide lowerThe UKX ran above Jan 19 2022 highs only to reject, breaking the Feb 4 2022 low, initiating a market structure shift on the daily timeframe. Price continued to decline with Feb 24 being an extreme down day due to the events transpiring in Ukraine. I am looking for a retrace to 7280 -7360 before price continues to the down-side with Target 1 reaching for 7100, Target 2 reaching for 7000-6950 and the third and final target at 6800.
UK100 - Massive rising wedge near breaking pointThe UK100 is looking very bleak for the foreseeable future. A massive rising wedge has formed on the 3D and looks to break at any point in the next couple of months.
Combine this with rising inflation and fears of conflicts in Russia, all provides the perfect setup for the UK100 to take a large pull back.
It is also worth noting that the OBV has broken down already, is the rising wedge next?
Who trades indices 🙋♂️ UK100 looking for two out two. Trade details for current trade are shown on the chart.
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.
Trade history can be seen at the foot of this trade idea too for full transparency.
Second trade of the day for this strategy and looking to go two out of two.
My alarm is set for the next trade and if around i'll share it for all you index traders out there.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
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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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
UK100 long is live 📈👍Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
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.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
UK100- Expanded Flat patternIn the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed.
By break down of the downtrend line in the 60-minute chart, hopefully, we can expect the continuation of the downtrend with 6150 targets.
Ftse100 index. LongTriangle has broken through resistance line.
Bullish price towards 6610.13.
Buy active as long priceholds above@ 6519.87
Sl 6457.7
Tp 6610
UK100 Ascending Triangle - Long OrderUK100 Ascending Triangle Long Position
Entry: £6,861.3
TP & RR: £7,036.9 (2.21)
Stop Loss: £6,781.8
REASONS FOR THE TRADE
Unfortunately, this is not a trade that I will take since I already have enough positions for the day and my system prohibits me from being overexposed. From a technical point, this seems like a sound trade - testing lower trendline in ana ascending triangle and the Market Flow indicator printing a divergence. My sixth sense tells me, however, that this trendline may not hold... but it's usually wrong, that's why I count on technical indicators. The Stop Loss is far enough for you to evaluate if the price will drop down or will bounce up and start heading towards the target.
I will not count this trade in my journal but I will continue to update it as it goes.
UK 100 | Bearish FlagPlease support this idea with LIKE if you find it useful.
Price formed a Bearish Flag and was rejected of the higher boundary of the Pattern. In case there is a breakout of the Mid line of the pattern we can initiate a short position.
Also if there is a breakout of Bearish Flag to downward we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.