FRA40 - 24h expiry - We look to Sell at 7200 (stop at 7300) Previous support located at 7050. Previous resistance located at 7150. Price action has stalled at good resistance levels and currently trades just below here (7150). Risk/Reward would be poor to call a sell from current levels. A move through 7050 will confirm the bearish momentum. Our profit...
FRA40 - Intraday - We look to Buy at 7100 (stop at 7035) Previous support located at 7150. Previous resistance located at 7200. There is no clear indication that the upward move is coming to an end. Short term RSI has turned positive. Risk/Reward would be poor to call a buy from current levels. A move through 7200 will confirm the bullish momentum. Our...
The bullish channel got violated after the peak at price 6797.7, this is now a change of structure. Looking for market to hit price 6627.1 which is our previous daily high then take a slight upward move to complete head-and-shoulders pattern… From the emerging formation then we can smoothly continue to go bearish until the neckline at 6420.0…
Trade Idea: Sell CAC Reasoning: Medium term looking bearish - selling a break of a descending triangle Entry Level: 5896 Take Profit Level: 5787 Stop Loss: 5949 Risk/Reward: 2.06:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Presidential election in France will decide which way the market go on Monday. Macron wins- pro EU , the market will go up Le Pen wins - anty EU, big move down Not a trading advice!
Price closed above 6985.74. Watch for buying opportunities.
MN TF Price seems overbought, price may reverse. To observe what price will do. WK TF If price is going downwards, then sell from the SUPPLY zone. If price is continuing upwards. find new areas of Demand to BUY D1 TF To observe where price will go.
Possible long-term moves for Fra40? how will the current social/political/economic happenings affect the future move of this pair? After analysis, I came to conclude on 4 possible channels the current could go. *** disclaimer this is not investment or financial advice.
This market has seen significant selling this week, we project a reversal to begin and perhaps longs through the whole of next week. Comment Like Share Follow
CAC40 has officially become bearish, I think that was pretty obvious two or three days ago. We've got a bearish divergence on the 1-day timeframe, not to mention the fact stoch and rsi is both topped out completely on 1 week and 1 month timeframe, I believe we could be seeing lows of 6300 points. Due to the FED moving towards tapering it's possible there could...
Fra40 Index can take u turn after hitting close to its 21 year old level. We can see big divergence in daily chart time frame on Rsi. Mostly USA and Europe index touch all time high and we are still in uncertainty about economy and COVID Delta fear rising again. Shorting is idea for now but if wait with cash for a better opportunity it will be wise decision.
in the short term I will wait for the yellow zone, looks like a triangle pattern not confirmed!
We saw CAC40 index breakout last day of the trading week, however on a negative sentiments with relatively low volume. This could lead to price rejection. IF PRICE IS REJECTED, the index could be heading towards its mean value. Higher timeframe sentiments remains bullish. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades