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Signal_Centre
Jul 21, 2020 6:52 AM

CAC40 - Limited upside within the wedge  Short

France 40 CFDFOREX.com

Description

FRA40 - Intraday - We look to Sell at 5170 (stop at 5220)
Buying pressure from 5012 resulted in all the initial daily selloff being recaptured. Due to an Ending Wedge formation, we continue to treat extended gains with caution. Bespoke resistance is located at 5174. The trend of higher highs is located at 5200. The formation has a measured move target of 4681.
Our profit targets will be 4685 and 4650

Resistance: 5170 / 5200 / 5230
Support: 4947 / 4682 / 4650
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