UK100 trade ideas
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
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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.
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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!
UK100 ?
The storyline.
Last week H1 and H2 was made.
Broke out retrace n rebound making New H1 and new H2
Now = current prc at H1/H2.
I would think. It will respect it and go to New H1 and new H2.
I think not saying for sure!
When we buy our ticket, be firm on what you think first.
When you are on the ride, bad or good.. no refunds buddy!
FTSE 100 topping and falling into Nirvana. Why did the FTSE 100 reach all time highs, while the UK is failing in economy and society?
They are at least due for a pullback here, with the weekly overbought but building a bearish divergence on the momentum and volume indicators.
I think they will fall probably a bit further than just a bull market pull back.
Reality will catch up with the FTSE 100.
UK100 ?
In my notes.
When this index is trending.
IT last or mature for 3-4 days.
I only trade like this for UK.
What about you?
Got any good ideas
FTSE bulls eye the record highWe have been patiently waiting for momentum to turn higher, which it finally did yesterday thanks to the dovish 50bp BOE hike. It closed above its recent consolidation, having formed several lower spikes which held above historic highs. From here we now fancy a retest of its YTD high and move towards 7900, near its record high.
FTSE 100 , GLB BO , Thoughts ...Spy just broke of its bear trend with its first higher high on Feb 1st as it broke above the Dec 13th high , similar story for QQQ which ended its bear trend on Jan 22nd , slightly stronger.
While this is great , the FTSE has actually managed to close at an all time high . In addition to that France and German 40 indexes are also exhibiting strong RS . The general theme is that Europe is outperforming the US significantly at this time , yet, the net short levels are also very high still (according to Daily FX data I like to track) .
I could not find a FTSE 100 etf that matches the index , if you know of one please let me know the ticker .
That being said EURL looks like a good way trade it .
UK100GBP Bearish Divergency / Resistance Zone,DOJI candle SHORTHi Investors and traders,
This idea is based on a support/resistance zone with technical indicators such as RSI see bearish divergency formed and 1D Doji candle .
In addition with unemployment data being published and overall look of the oversold market and signs of recession I am opening a short position, please do not take it as a trading advise it's just my idea :) The s/l above the red zone and t/p at support as shown, 2.8 profit ratio!
UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)Why get subbed to me on Tradingview?
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UK100 D1: TP +500 points BEST Level TO SHORT IT(SWING/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: trading near range highs
::: risk/reward shifting in BEARS favor
::: distribution in progress on daily TF
::: maxed out already / will re-test MID RANGE
::: SHORT IT near market / short rips / rallies
::: expect pullback/correction mode SOON
::: BEARS will target re-test of MID RANGE
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: expect limited upside going forward
::: SHORT IT near market Target is 7100/7200
::: TP1 +250 points TP2 +500 points BEARS
::: Conservative TP BEARS is 7 100 points
::: unsustainable gains, pullback incoming
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead S/R at 7850
::: expecting CORRECTION to last next 2-4 weeks
::: distribution at the top in progress
::: will lose up to 10% during pullback/correction
::: There is no upside in this market now
::: Get out / trim exposure / or SHORT IT
::: RISK/REWARD shifting in BEARS favor
::: into BEAR mode soon
::: either way setting up for 10%+ correction
::: 2-4 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: 7850 supply zone triggered
::: 7100/7200 fresh demand
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/BULLS GAME OVER
::: Sentiment outlook short-term: BEARISH /CORRECTION
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