UK100 (FTSE 100) BUYFTSE 100 Index CashFX:UK100The_Trading_G3ekA long position has been initiated on UK100 (FTSE 100) from the 78.6% Fibonacci retracement zone, aligned with the higher timeframe (1D) bullish structure. On the 4-hour timeframe, price shows signs of stabilization and potential reversal after completing a deep pullback. The entry is based on the confluence of: Strong Fibonacci support (78.6%) Holding above the key structural low Early signs of bullish reaction / demand Trade Idea: Entry: From 78.6% retracement zone Bias: Bullish continuation Target: Previous swing high (0% Fibonacci level) Invalidation: Break below recent structure low While momentum remains slightly weak, this setup offers a favorable risk-to-reward opportunity, provided price confirms continuation with bullish structure on lower timeframes. Conclusion: This is a counter-momentum but structure-based buy, aiming to capture a continuation of the broader uptrend from a high-probability retracement zone.