Hey Traders, Amongst all other indexes, there is a strong case for the CAC40 to be short. Coming straight up into key resistance, our pre determined short zone has allowed price to continue down. We can now look to handle the move on the short case, turning long when and where it becomes applicable to do so.
While news and events typically have a significant impact on trading indexes, there can be situations where certain factors mitigate or dampen their influence. Here are 10 hypothetical reasons why news and events might not have a substantial impact on trading indexes, considering the context provided earlier: 1. Market Stability: In a period of overall market...
Today's focus FRA40 CAC Pattern – Support hold - continuation - HL Possible targets – 7465 - 7600 Support – 7315 - 7360 Resistance – 7460 (ST) Indicator support – CCi close to 0 cross – 38.2 fib area Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could...
In this update we review the recent price action in the CAC40 and identify the next high probability trading opportunities and prices objectives to target
In this update we review the recent price action in the CAC40 and identify the next high probability trading opportunities and price objectives to target.
In this update we review the recent price action in the CAC40 and identify the next high probability trading opportunity and price objectives to target.
Gartley patterns are harmonic chart patterns based on Fibonacci numbers. The first stop-loss point is often positioned at Point X and the take-profit is often set at point Fibonacci retracement numbers. I normally open 3 small positions or a big position and close partially at 0.618, 0.5 and 0.382 Fibonacci numbers.
**PLEASE FAST FORWARD TO .35sec MARK!** I wanted to give a quick lesson on correlation. Telegram: @RichDadBre
I wanted to show an example of why its not always a good idea to trade multiple indices the same way. @RichDadBre