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Ftse100

Will FTSE 100 finally breakout??!?!With a start of a new quarter..keep an eye on the FTSE 100. Price has been consolidating since the start of the year, trading inside value for '21. After selling off early in the year, price is back retesting 6800 yet again. A break above would be a very bullish signal, with continuation towards yearly highs a good possibility. We are currently opening near last months VAH & POC, so should show its hand soon. Watch and see how it plays out.
FX:UK100Long
by Captain_Maj
FTSE 100 Edging Towards 7000The FTSE 100 has failed to break and close above the February 2018 low at 6536 for a number of months now. You can see the December 2020 candle and the candles for January and February 2021 traded above this level but ended the month by closing below this level. With one more trading day of the month left to go, we may well finally see that close above 6536 and if this is achieved then we should continue to see bullish moves in UK stocks. Although the move up has been rather sluggish, price has gained good ground following the 22% decline we experienced in February and March 2020 at the peak of the global pandemic. In March 2020 price continued down and found support around the 5000 round number before moving back to the upside. With a bullish end to this month’s candle, the next level of resistance is 7000 and following that we have the all-time high at 7903, which is the May 2018 high. We will be able to get a better perspective of price action once the candle for March closes and decide on which opportunities we want to take positions in. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:UKXLong
by Sublime_Trading
$UKX Hourly - Backtesting channel break We are currently testing Friday's channel break. Good RR levels to go long for those who currently don't have a position. Nice gap at 6780 I would like to see filled, as well as the full target of the bull flag and inverse H&S of 6870. We have seen some month end selling during the previous few months which is something to keep an eye on and more reason to keep stops tighter. On the other hand, this month may be different given it is tax year end in the UK. Summary: Long with a tight stop
TVC:UKXLong
by gillyblore
CAD slides with oil as WTI slips back below $58 per barrelDuring today’s European trading session, the risk tone soured with EMEA indices negative across the board and measures of volatility elevated; although, safe haven currencies remained broadly weaker. Leading European indices to the downside is the IBEX 35 at -1.13%, followed by the FTSE 100 at -0.94%, the Euro Stoxx 50 at -0.65% and the DAX and CAC 40 at -0.62% and -0.47%, respectively. In the FX complex, despite the moderation from the risk on tone seen in the Asia-Pacific session, JPY is still the session’s laggard. However, with that said, against most counterparts, the safe haven has pulled off its worst levels. Another notable underperformer on the session is CAD, with Reuters noting, “Canadian dollar holds near two week low as oil slides.” Indeed, WTI has relinquished the $60.00, $59.00 and $58.00 per barrel levels. In contrast, GBP is currently leading the FX majors to the upside; however, analysts continue to voice concerns over tensions between the UK and EU which threaten the UK’s vaccination rollout. Looking ahead, expect central bank rhetoric to remain a key theme of the day with numerous Fed speakers on the docket. Of course, expect developments in WTI to remain key for CAD and the overall risk tone to remain key for the antipodeans and safe havens.
OANDA:WTICOUSD
by thunderpips
2
VUKE Daily - Breaking higher but testing NB lateral resistanceI started scaling back in and increasing my weighting around 29 (green box) in the hope we would get the break higher we seeing now. Yesterday we saw the VHYL ETF be the first to break higher and VUKE appears to be following suit. Red lateral resistance is quite significant and I wouldn't be too surprised to see the ETF pause a bit at this level, consolidate, before powering higher. I have been adding and trimming continuously to this position (see comments on prior chart). I am happy to take profit on 25% of my holding here (given the resistance), and will look to re-add
LSE:VUKE
by gillyblore
FTSE100 - Triple bottom formedFollowing on from my previous idea, the FTSE has continued to show strength at this level of support. A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern. If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a steepeer slide. However, because the bad news has been absorbed, we can assume traders are bullish (for now). I think the only thing stopping the FTSE from moving up is the current fears around lockdown on the continent. Technically speaking, I like how the chart looks. Bulls seem to be defending the 6700 level well. Fundamentally, the fears over lockdowns worries me about this setup, but I'm still confident it will play out. See chart for entries and exits
OANDA:UK100GBPLong
by pasojov
FTSE100 - Fresh highs incomingThe FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window). Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the level). The next resistance is ~6838, so a break and restest of the 6800 is likely and will be the perfect high probability entry. An aggressive entry would be at open on Monday (I personally will probably take this based on the pinbar with a stop below the low). Target is the psychological level of 7000, which acted as a strong support throughout 2019. High prob: Entry = 6805 when retesting the level Stop = 6735 TP = 6800 R:R = 3 Aggressive: Entry = 6720 Stop = 6642 TP = 6800 R:R = 4 Happy trading:) follow for more of this kind of stuff!
OANDA:UK100GBPLong
by pasojov
FTSE100 - Bullish long-term setup and the possible Nest- Possible Nest configuration with a double 1-2 of different degrees - Regular Flat correction in wave 2 Sub-minuette - Leading diagonale in wave 1 Micro and double Flat WXY in wave 2 - Price actually trying to cross the EMA's and to consolidate above them - Breakout and consolidation above the ATH would let the market go! Next important long term target around 12.000 area and invalidation level @ 3460.7 F T S Friendly. Trading. System.
TVC:UKXLong
by fabriribbe
1
FTSE - Sell Signal 📉Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
UShort
by pow_removetheguesswork