FTSE 100 Index Trending HigherFTSE 100 Index trending higher on the weekly chart; current price is above its 10 week moving average (bullish); both the 4 and 13 week rate of change indicators above zero (bullish); upside prospects for the short to medium term (5-49 days) spotted at 8,023 and 8,203, while downside price risk below 7,742 implies the end of the prevailing up-trend.
Not investment advice. Past performance does not guarantee or predict future performance.
UK100 trade ideas
FTSE Broke from a range to the upside.Previous support located at 7950.
Previous resistance located at 8000.
The correction lower is assessed as being complete.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 8006 and 8024
UK100 - Intraday - We look to Buy at 7926 (stop at 7894)
Resistance: 800 / 8050 / 8100
Support: 7950 / 7900 / 7850
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FTSE Top?It looks like the FTSE has found a top. I'm expecting the price to 'Re-balance' the Daily Imbalance of last week before continuing trending lower.
I have set an alarm if to this BLUE AREA (Daily Imbalance).
FTSE bulls eye break of 8,000The FTSE snapped a 4-day losing streak yesterday, after the pullback from its record high found support along the bullish trendline. A bullish engulfing candle also closed above the 10 and 20-day EMA’s, after the RSI (2) went into oversold territory the day prior. So it appears a swing low has formed and we’re looking for a move back above 8,000 whilst prices remain above last week’s low.
UK100 ( FTSE ) - Trade Idea - Long[b|Trade ldea:
Price is significantly above the 200 EMA showing very strong bullish pressure. Both the 100 EMA and
the 50 EMA are also above the 200 EMA so we are only looking for longs on this asset. Price action
recently had been super strong and heading to the upside which is another confluence to enter long on
this asset. Price has also been respecting as upwards trendline which again is another confluence to
enter long on this asset. This trade is setting up nicely for us however it isn't fully there yet. First we
need to see either a pullback to our level of support with a bullish entry signal to enter long or we need
to see a break and retest of the level of resistance for support and then a bullish entry signal to enter
long. We prefer the idea of a break and retest as it shows that the bullish momentum is continuing
however we also see the first setup as a good trade to enter into. As the setup isnt quite here yet we
need to stay patient and wait for the setup. Until then we will be waiting because as traders we need to
be disciplined and stick to our plans exactly
Disclaimer:
This is my opinion on this asset at the time. This is not financial advise. Don't take this trade blindly, do
your own analysis first before entering. Feel free to use this analysis to assist you with yours. Feel free
to leave any comments you have. Good luck!
UK100 to breakdown?UK100 - Intraday - We look to Sell a break of 7899 (stop at 7943)
Previous support located at 7900.
Previous resistance located at 7975.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Price action looks to be forming a top.
A move through 7900 will confirm the bearish momentum.
Our profit targets will be 7789 and 7759
Resistance: 7975 / 8000 / 8050
Support: 7900 / 7750 / 7700
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Possible Gartley Harmonic Continuation FTSE 100 Index - June 202Redrawn initial Gartley Harmonic (Believe completed) however, a larger Bullish Gartley Harmonic possibly in play. The fib levels mostly technically line up but for B to C where the price move seems to be in excess at 0.943. Fib B to C - Target D = 1.272 a reasonable target, should the price move or exceed 1.618 then likely be invalidated. Courtesy of Investopedia www.investopedia.com
FTSE Optimum SHORT ENTRY next week?I'm looking at the BLUE BOX where I can see a prince IMBALANCE.
It's going to be juicy next week I believe.
FTSE / Ending Diagonal - The BIG SHORT is comingThis very looks like an ending diagonal and you best believe that the downfall will be pretty explosive!