We've seen a very weak dollar through Asian and into London. We may be seeing a test of this 4HR key level we spoke so much about prior to the break. Will we find support at this level or will this bearish momentum be too strong for the buyers sitting at this level?
The market is in a area which is significant eventually if not today I have a strong market visual this market will do the break this weekend if not looking forward to nfp week upcoming. Any I’m aware this market will eventually break to the upside so if you with me just position for the buyers ✌️
The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade.
However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.