vlad.adrian

Frech correction ends with double bottom

Long
FX:FRA40   CAC 40 Index
3
Weekly chart looks bearish, but came very close to the Wave.
Daily chart looks bullish.
Hourly chart looks extra bullish.

Double bottom with false breakout and bullish divergence. If price will close over 4470, then the daily will start looking extra bullish too so no need to close out the position. Current hour didn't end and I hope that the current long candle wont become a shooting star.

Entry : 4431
Stop : 4398
Target : 4500
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