pantheo

France: No confluence short or the art of patience II

Short
FX:FRA40   CAC 40 Index
Confluence area is a bit higher, but price reached a polarity zone, where through the years changed from support to resistance enough times to mark her as area of interest.

Fresh visit to this area has most of the times the probabilities leaning towards to rejection, before maybe higher, gun the shorts - like mine - and go deeper inside the confluence area. In such a case, according to PA there, a second opportunity for the shorts will be given and who knows, another note of self discipline and practice patience will be written again.

The trend is clearly up but a confirmation of the evening star will provide comfort to the trade.

Cheers

Panos