TheOnlyVince

Short the CAC

Short
INDEX:CAC40   CAC 40 Index
The technical picture on the CAC shows clear price weakness, the price remains inside a series Andrew's pitchforks and looks determined to head lower. In addition to that, the stochastic oscillator is now in oversold territory which is a signal that more upside potential is limited.

From a fundamental point of view the renewal of the Grexit fear could trigger the move.

Short entry@4240
TP@3800
SL@4440
RR 2.2




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