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.
FRA40 Long Position Entry: €5,644.6 TP & RR: €5,688.0 Stop Loss: €5,627.3 REASONS FOR THE TRADE Breaking up from a descending triangle, I expect the price to retrace slightly and then continue the up move. Stop Loss is set below the trendline and the target is at a resistance level. Market Flow indicator show a clear move up. The trade is slightly in...
France 40 - Short Order Entry: €5,659.6 TP & RR: €5,569.7 (1.7) Stop Loss: €5,710.8 REASONS FOR THE TRADE Typically this isn't a trade I would take as the RR is less than 2 and I consider those unfavorable. However, the price may form a lower high and I want to take advantage of the action if that is the case. The SL is placed just above the previous high....
France 40 Ascending Channel - Long Order Entry: €5,668.1 TP & RR: €5,760.5 (1.89) Stop Loss: €5,619.3 REASONS FOR THE TRADE Again, this is a trade that I would like to take, but will not due to already having enough positions. However, I am sharing this idea for those of you looking for a trade setup, especially if you are trading FR40. This is a similar...
CAC40 joined it's a rally today with the rest of the equity markets. The index has managed to climb 10% in just 1 week from its low at the end of October. Nevertheless, the fundamentals look weak for Europe with the 2nd wave still in full swing. Look to short at 4950.00 or below if the resistance level holds.
sell after we hit the confirmation level
Overall uptrend. Just hit a support and giving me that nice 'W" formation I love! I see this going up to 5050.
Today, the central bank of France has announced the bouncing of the economy is occurring faster than earlier forecast. Technically, the price is at the earlier resistance level and will bounce off from here. Wait for confirmation before entering in any trading (Price action confirmation) Please trade carefully and do not risk more than what you can afford (1% of...
Avec une faible volatilité depuis fin novembre, si IDI franchis la résistance entre 45 et 46€, une continuation de tendance se dessinerait alors.
Crossing MACD line and will retest 1 and 2nd retracement level
short #CAC40 at 5776 if you cant catch it,try tom around 70-80 and sell,the plan its simply to take the correction of a bearish rsi divergence + we are on monthly resistance and a bit overbought so 3 Tp like that each tp you cut 33% of your position
I expected today that the French index will go through correction after overextended buy, but seems like, this buying frenzy hasnt stopped . Which brings me to a good trading idea, to short this double top formation and wait for it to reach its bottom 0.681 fibo retracement after overbought levels. Open Short FRA40 5756 Tp1 5700 Tp2 5650 Tp3 5600 Tp4 5500
*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. CAC40 - Elliott Wave Outlook Bearish Swings - Patterns: Triple Three structure in Cycle Wave IV (green) W (purple) - Zig-Zag X (purple) - Three (false break-out) Y (purple) - Simple Flat X (purple) - Contracting Triangle Z (purple) - Zig-Zag Bullish Swings...