FTSE100 UKX - Range Bound - WHERE TO NEXT?

Technical View:

Resistance: 6782.5, 6823.0, 6900.5
Support: 6677.7, 6627.6, 6610.9, 6535.8 (200EMA)
Pattern: Multiple formation Bull Flag / Triangle Formation

How to approach this trade idea:

- Add alerts at key break out areas
- Wait for the break out and trade the pull back
- Check the key Fibs matching S&R Areas
- Don't forget to gain a good R/R
- Add limit orders to break out areas, bit more of risky approach as you don't want be part of fake break out!

Go with what you have written on your trade plan overall.

It's FRIDAY....! On a Friday - I take day trades, review my journal and get ready for the week ahead. It hasn't been bad week very choppy markets we are in range bound areas in most assets apart from Crypto's great momentum towards down side I always say in life and in the markets - What goes up, comes down eventually. Now it doesn't mean you're going to become profitable trader and come down - NO! What I mean is, your performance isn't going to be straight line there will be days up and down and let be honest with you - I don't always trade everyday because I know when I want to be part of the market, be disciplined! It does depends on way you mange your portfolio.

Have a great weekend.

Trade Journal
(Just a trade idea, not a recommendation)

So the situation we have on FTSE 4H chart is that is has broke and retested the breakout, we now expecting the market to climb to price level 6900

orb 15min

Der UK100 hat den Long Trendkanal verlassen und prallte bereits leicht an der Short-Marke und der Short-Trendkanal Oberkante ab. Sollte sich nach einem Retests des Long-Trendkanals ein Short-Einstieg ergeben, lägen unsere Ziele in der trendbegrenzenden Linie und dem Support vom 10.12.2020. Je nach Stärke des Verkaufsdrucks wäre auch die Long-Marke aus dem D1 für eine Umkehr möglich. Außerdem ist in dem Szenario auch Vorsicht am Support vom 09.06.2020 geboten. Sollte der Long-Trendkanal fortgesetzt werden, liegen unsere Ziele in den Short-Marken sowie der Kanaloberkante.

After a bit of a tumble in late October of last year (or a huge dive, depending on who you ask), we remain in impulse on the index. We are about to go into Wave 5 of this impulse and looking to meet a goal in the first half of 7k. Fib time gives some indication when this might happen roughly, although it is impossible to accurately time the market. Good luck, traders!

Buy Limit

Bullish

The UK100 seems bearish for the 6500.0

6900.0 is supply area and the 6800.0 is a resistance zone . The price needs to break below 6737.4 for it to continue downwards.

.

Khiwe

At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.

FTSE100 (UKX) - Technical View:


Simple explanation today -

Pattern wise: Came out of a larger triangle formation towards downside support areas.

At this current moment of time - It is within the range of: Support: 6785 Resistance: 6830

Once broken out of the range below support levels which matches the 200 EMA as a great support area measuring the wedge range formed. If we break towards downside, I expect it to continue towards Fib Retracement area of: 1.618 which matches a nice support area as well as nice trend-line support too!

The way you could play this trade: WAIT for it to break out of the smaller formation of the wedge formed and take the pull back trade to the next support areas or simply feeling more confident add a limit order!

Remember: Follow your own trade plan and execute wisely.

Have a prosperous day ahead,

Trade Journal
(Just a trade idea, not a recommendation)

SELL

Entry until 6872.02, target 6673.10

Short

uk100

FOLLOW FOR MORE PIPS

In the 1H tf price is maintaining an uptrend line and just got rejected at the trend line for a buy. I'm expecting price to continue its uptrend with a RRR of 3.14 and stop loss at 6466.3 and take profit at 6639.2

UK 100 has broken through the resistance so we should expect some downfall movements

UK100 may plummet amid news on brexit

uk100 weekly

FTSE100 is consolidating just under important resistance that lies around 6500.
I believe this resistance will be broken to the upside and UK index could see a new all-time high.
A buy around 6400 would be ideal for this anticipated break and, with a 100 points SL could easily reach 1:3 R:R

short because british are weak

The old ones are sometimes the best ones.

Classic descending wedge , and target, simples.

If only I saw this a long time before now!!

Life is a learning game

1. Pattern formed
2. Go for long as soon as market opens
3. Be patience

This is my first analysis for UK100 , if you like it than hit the like

take this on your own responsibility

Currently the recently publicly posted PHENOM 5.3.1 strategy is showing a buy signal.
*This uses private unshared settings*

WAIT FOR THE BAR TO CLOSE,
then enter and hold until close signal is shown on chart.

Strategy Available Here For Limited Time:

Ftse sell confirmation..already break major trendline and retest..its time to sell now..SELL SELL SELL!!goodluck Insyallah

Hello all
in this index it has low pressure and it will down now so sell please and give me your opinion


please like and follow me

take this on your own responsibility

Further move to upside

waiting for price retest

SL and TP provided on chart