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
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
UK100GBP trade ideas
UK100 H4: TP +400 points BEST Level TO SHORT IT(SWING/NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
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.
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 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
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 .