Any one looking to short FTSE ?

Can you predict FTSE for upcoming week ?

  • I will sell FTSE at 6885.00

    Votes: 4 50.0%
  • I will sell FTSE at 6900.00

    Votes: 3 37.5%
  • I will not sell FTSE in any case at those levels.

    Votes: 0 0.0%
  • FTSE will create new highs at 7000.00

    Votes: 1 12.5%

  • Total voters
    8
  • Poll closed .

icmarketsfx

Member
61 4
FTSE is going to reach at the top resistance area 6885.00 , Is there anyone looking to enter for sell around that area ?

Do you think that FTSE will reach at 6900.00 ?
 

icmarketsfx

Member
61 4
Technical Analysis

FTSE-100-PREDICTION.jpg
 

Sigma-D

Established member
648 62
At first glance it looks like an ascending triangle which favours a breakout to the upside. I then noticed you haven't drawn the slope to connect the majority of low points, more of a casual lowest low on chart to most recent low, which doesn't really have any technical basis.

What is bullish about this is that the lows are higher. What do I know? I don't trade the ftse and my chart reading and technical analysis is dreadful. But if I were going to waste yet more money trading stuff I don't understand, I'd be lining up with a buy limit just above 6900.
 
Last edited:

icmarketsfx

Member
61 4
I don't enter a trade blindly with a pending order, PA will give signals for the end of bullish journey. Wait for sellers to come and control the market.

mspaint123.png
 

Sigma-D

Established member
648 62
...or buyers....
 

Sigma-D

Established member
648 62
The reason you might wish to use a limit order in these instances is that when an area of resistance pops, it usually does so with a great deal of momentum and you'd want to capitalise on that.
 

honeill

Established member
624 3
FTSE is going to reach at the top resistance area 6885.00 , Is there anyone looking to enter for sell around that area ?

Do you think that FTSE will reach at 6900.00 ?

I know that we are in May and we should "sell in May and go away" but i need a clear signal of price reversal to go short on FTSE.
 

icmarketsfx

Member
61 4
I am also not in favor of applying a pending order unless you are using some hedging strategy.
Just wait for bulls to get tired and bears show some momentum.
 

Npard23

Junior member
39 2
UK fundamentals aren't good. They are being carried by rich EM oligarghs buying London apartments. However, I would short the CAC 40 instead because the french economy is much worse shape than the UK.
 

psaTrading

Experienced member
1,063 53
Good point, I'll be watching.
 

barjon

Legendary member
10,605 1,743
Even in equity markets which don't have the "shorting facility" , markets do plunge and sell-off ...

Yes, but T333 is right that sellers do not "control" the market in such circumstances. It is buyers who are in control and who force sellers to offer lower and lower before they will buy. ie: a buyers market.
 
 
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