UK100 GBP LongEntry at 7570
Stop Loss at 7490.
Targets - 7650, 7730, 7810
Remember, risk 1-2% of your account and VAMOS!!
UK100 trade ideas
UK100GBP LongThe index has retested the upper trend line of the falling flag, after the breakout.
I anticipate that the index will continue with the bullish momentum since the client sentiment indicate that there are more than 70% of the traders are bearish, a major indication that the price might move reversal of that.
My entry point is 7570, my targets are 7650, 7700, and 7810.
My Stop loss is at 7490, which is below a major market zone. My target R:R is 1:3.
Kindly, risk on 1-2% of your account.
UK100 - Skill or timing? I love this chart, so different but yet so technical. Parallel channels, crossroads. Trend Based Fib extension used from low to high to low. Retracement to fib 0.618 if losing 0.382. Continuation on the green spider web channel up with resistance at red 0.382 (middle of the channel). Should the trend continue, will be looking at fib above at 0.618. I like it.
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!
Elliott Wave View: FTSE Looking to End 5 WavesShort term Elliott Wave View in FTSE suggests the rally from 10.13.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 10.13.2022 low, wave 1 ended at 7093.05 and pullback in wave 2 ended at 6997.54. Index then resumed higher in wave 3 towards 7413.82 while pullback in wave 4 ended at 7294.15.
Wave 5 is currently in progress with internal subdivision as another 5 waves impulse in lesser degree. Up from wave 4, wave ((i)) ended at 7423.51 and pullback in wave ((ii)) ended at 7343.37. Up from there, Index formed a nest with wave (i) ended at 7498.34 and wave (ii) ended at 7420. Index then resume higher in wave (iii) which is proposed complete at 7599.27. Expect a small pullback in wave (iv) followed by more upside in wave (v) to complete wave ((iii)). Index should then pullback in wave ((iv)) before 1 more push higher to end wave ((v)) of 5. The Index should show a momentum divergence at the end of wave ((v)) of 5. The 5 waves higher should end cycle from 10.13.2022 low after which a larger 3 waves pullback should happen.
FTSE100 Levels in Bad Economy UK100 a dividend house and boosted by Oil Stocks but now hedge funds turned from buying to short on oil stocks and they doing in mid winter season. We knows UK economy doing worst in decades and it's hard to hold this index up.
Steve's Gun2Head - Selling UKXGBP (FTSE100)Trade Idea: Selling UKXGBP (FTSE100)
Reasoning: Price action stalling and potential shooting star on daily. 4 hour candle forming a shooting star and hourly chart highlights a bearish outside candle taking out price action over last 13 candles. All happening at medium term resistance level!!
Entry Level: 7531.0
Take Profit Level: 7432.0
Stop Loss: 7564.0
Risk/Reward: 3:1
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UK100 SELL SETUP Hi everyone !
I'm watching UK100 for sell. Will wait for nice price action before selling it or follow lower time frame sell setups.
Thank you for your support !
UK100 H4: TP +400 points BEST Level TO SHORT IT(SWING/NEW)Why get subbed to me on Tradingview?
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UK100 H4: TP +400 points BEST Level TO SHORT IT(SWING/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: US/Global stock markets are maxed out
::: UK economy managed by team of degens
::: Hundreds of thousands of people have already lost their jobs
::: FED RATE hikes incoming December 2023
::: expect pullback/correction mode SOON
::: sliding S/R resistance at 7450/7500
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: expect limited upside going forward
::: SHORT IT near resistance Target is 7000
::: Conservative TP BEARS is 7 000 points
::: unsustainable gains, pullback incoming
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead S/R at 7500
::: expecting CORRECTION to last next 3-6 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
::: 4-6 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/BULLS GAME OVER
::: Sentiment outlook short-term: BEARISH/CORRECTION
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Primitive AnalysisBearish wave will start from the end of November until the end of December, UK100 will celebrate Christmas with losses.
UK100 Bearish Trend aheadThis Daily time frame shows the up coming down trend expected along with resistance and support levels. Good opportunities to short along the fib levels. Take your trades accordingly.
UK100 GBP Falling trend, DOJI candle, dropping volume- SHORT!UK100 GBP Falling trend, DOJI candle, dropping volume- SHORT!
This idea is based mainly on the trend line. The price has reached the edge of the trend line and we can see a doji candle formed at 1D interval, also look at the dropping volume, I would say the correction has ended and the price is just about to drop, which would be in line with the recession we are experiencing but still fooled it's all fine and market is strong :D
The s/l above the trend line and the wick of the doji candle, t/p at 7100 being the support level and Fib 0.5
This is not a trading advice, just an idea, do your own research before you trade it, always protect your capital with a s/l
UK100 Our Entry : 7372.1 to 7483.3
🟢Take profit:
T1: 7169 (Sell 50%)
T2: 6992.7 (Sell 25%)
T3: 6802.2 (Sell 25% )
move stop lose to entry price after hited 1er target
UK100 SELL POSITION uk100 in down trend
resistance level
trendline line
confirmation candle hanging man plus sell candle
which mean buyer convert into sell
so we can sell it
FTSE 100: LSMIFLSMIF FTSE 100 chart
A quick look at the live price and graphing of the FTSE 100, to have a look at general market sentiment.
UK 100 remains range bound in larger perspectiveAll those who love to trade UK100 need to see the range bound activity of index between 6700 to 7700. For a very long period of time it has been moving with in 1000 points range and this could be the signal of any big move in coming period if it moves in any direction with big volumes .
But until unless it doesn't clear out this area best strategy to trade is buy at 6700 and sell at 7700 and wait for major breakout .
UK100 - 1DQuite a lot of information. Reverse head and shoulders, descending triangle (symmetrical price ranges on break up/down) , Gartley and Fibs
Buying UK100 at previous resistance.UK100 - 10h expiry- We look to Buy at 7201 (stop at 7139)
Previous support located at 7250.
Previous resistance located at 7300.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7300 will confirm the bullish momentum.
Our profit targets will be 7349 and 7399
Resistance: 7300 / 7350 / 7400
Support: 7250 / 7200 / 7150
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