Disclaimer: This is not financial advice. The information presented is only an opinion and should not be considered as investment guidance. Do your own research and consult a financial professional before making any trading decisions.
Trade Details:
Instrument: CAC40
Position: Short
Entry: Between 7500 - 7566
Stop Loss (SL): 7726 (2 x Daily ATR of 60 = 7566 + 160 )
Target Levels:
Target 1 (T1): 0.382 Fibonacci retracement level
Target 2 (T2): 0.618 Fibonacci retracement level
Target 3 (T3): 1.0 Fibonacci retracement level
Target 4 (T4): 1.272 Fibonacci extension level
Target 5 (T5): 1.618 Fibonacci extension level
Please note that this trade idea is based on technical analysis and current market conditions. Market conditions can change rapidly, and it is essential to keep an eye on any fundamental news or events that may impact the stock price. Always adhere to proper risk management and use appropriate position sizing.
Trade Details:
Instrument: CAC40
Position: Short
Entry: Between 7500 - 7566
Stop Loss (SL): 7726 (2 x Daily ATR of 60 = 7566 + 160 )
Target Levels:
Target 1 (T1): 0.382 Fibonacci retracement level
Target 2 (T2): 0.618 Fibonacci retracement level
Target 3 (T3): 1.0 Fibonacci retracement level
Target 4 (T4): 1.272 Fibonacci extension level
Target 5 (T5): 1.618 Fibonacci extension level
Please note that this trade idea is based on technical analysis and current market conditions. Market conditions can change rapidly, and it is essential to keep an eye on any fundamental news or events that may impact the stock price. Always adhere to proper risk management and use appropriate position sizing.