UK100 trade ideas
UK100 TECHNICAL ANALYSIS FOR SHORTwatch price action in this zone if the first resistance zone is respected. go to 1hrs time frame and look for entry.
if its not respected look at the next resistance zone i highlighted with a parrallel line.
UK100 FTSE Technical Analysis and Trade IdeaIn this video we focus on the FTSE UK100, however, the US100, US30, UK100, and DE30 are analysed to find a common theme between these four instruments. The stock markets have traded into key support levels and have been rangebound for some time. We are now seeing some bearish momentum evident in the charts. The trend, price action, price gaps, market structure, and a potential trade opportunity are covered. It is important to note that this is not financial advice and is meant for educational purposes only.
Is the FTSE 2 year corrective rally coming to an end?The corrective rally since the 2020 low could be a 2 year triangle or rising wedge which is currently testing support. Interest rate will continue to rise and growth forecasts are being slashed. Returns from stocks will be lower than expected and a recession is highly possible.
FTSE to breakdown from a wedge?UK100 - 24h expiry -
Previous support located at 7740.
Previous resistance located at 7800.
We are trading close to the end of an ascending Ending Wedge Formation.
We expect a reversal in this move.
A move through 7740 will confirm the bearish momentum.
We look to Sell a break of 7740 (stop at 7820)
Our profit targets will be 7560 and 7550
Resistance: 7800 / 7820 / 7850
Support: 7740 / 7700 / 7550
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FTSE 100 AT MAJOR RESISTANCEFTSE 100 has reached a major resistance after the breakdown that we called around a month ago. We are looking for a reaction at this level to possibly go short and we will updated if we take that position.
uk100 shortprice has been ranging between bottom resistance @6780.2 and top resistance @7917.9 on a daily timeframe. 0n the 1hour timeframe there is a small resistance at 7636.6 which price retested in an ascending channel. On the 15min there is a flag which I'm using as entry with stoploss at 7661.7 and take profit at 7465.2
UK100GBP(FTSE)British stock market index
As you can see, the British index returned to the upward trend in the one-hour time frame with the support of 7350, it can rise to the resistance of 7600, and if the number 7600 to 7639 is broken, the upward trend will continue and rise to 7900, but if it cannot break 7600, the downward trend will continue.
Buy
7569
7640
7710
7900
sell
7500
7410
7336