I am placing a small trade on Orange looking for price to go up to around 15 EUR. I am stopping myself way down around 12 EUR.
The CAC40 is consolidating between 4300 and 4520 pts since the middle of July. The US indices are currently showing weaknesses, and so does the french equity market. The resistance area at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The bearish forces are getting a bit stronger as weeks pass, as shown by...
I think it's worth it to wait for a short trade here, aiming to capture the following targets: Target #1: 103.60 Target #2: 98.26 Target #3: 92.91 If price will break #109.70 then it will be safer to short trade from the market jumps up on a way down. If you like my post, please take a second to hit that LIKE button and follow me, so I can know if I...