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Uk100short

UK100, what's next?Hello guys! happy new year. UK100 indice is printing a nice range here and as we can see, it's at a very important point. Break or reversal? Our 2 most important questions. AS usual, we're not the one to decide, so let's watch it and see what the market will decide in the next coming candles. As for a personal analysis, I bet for a reversal. Price is at the resistance, we have a doji candle and not much volume in the market for price to break the 3 months high. Still, let's wait for the upcoming candles.
OANDA:UK100GBPShort
by nkanven
(Weekly) Bearish Bat @88 // Target FibsUK100 Hello pips lovers! I am "projecting" it as a correction from the previous structure breakout... The ABCD pattern formation at Bat completion point is also printed, so we can support this trade idea on both patterns, the Bat and the ABCD. The Bat pattern is valid on each the points, from Point B as an X to A retracement between the 50% <> 61.8 (closing below the 618), Point C with a close between the 38% <> 50% of A to B and Point B at the 88% of X to A. Targets: The 38% as first target and at previous structure (point B) and the 618% as 2nd target as a deeper correction. At first target (the 38%), close half position size and stops adjusted to break-even (or a trailing stop also an option); NOTE: do not ignore the "first" fib level at 23.6%. Safe Trades; Run Run Run - open.spotify.com ;)
FX:UK100Short
by Andre_Cardoso
FTSE 100 Medium Term Short: Divergence, BB, Missed PivotsThe FTSE 100 is trading near 6950, up more than 1200 points from the post-Brexit low of 5727. Fundamentally, this is because of the sharp fall in Sterling. However, technically, the FTSE 100 may be due for a correction. It has relentlessly traded upwards, however: 1) There is strong resistance to be expected at 7000, a psychological round number. 2) There is divergence on the 4H chart at 6950. 3) The FTSE 100 has traded outside its 800-period BB on the 4H chart for more than 2 weeks. 4) There are multiple missed pivots, monthly and weekly, amidst the FTSE's post-Brexit rally. This might suggest that we are due for a correction in the medium term, perhaps to the 6700 level. If Sterling recovers, the correction may extend to 6300. However this is unlikely given a dovish BoE, quantitative easing and the market pricing in further interest rate cuts.
FX:UK100Short
by Exercise-Discipline
2