justatrader
Short

CAC40 - Support/resistance based trade idea

FX:FRA40   CAC 40 Index of French Listed Shares
159 0 2
Reasoning for short:
4196 is an intraday support/resistance level. Price managed to rally within the price channel , but does not test the broken support at 4179 for resistance. It also marks the break of the trend line , so a retest is highly likely. 4142 is the BE level.

Either short at above levels, or look to go long from 4179
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