Bonjour My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist FR40 / FRANCE 40 Index based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the...
Here's a setup of the CAC40, France's top 40 stocks. I believe it is on a bullish ride as well as other indices. It has the best setup in my point of view.
DISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
FRA40 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 8200 will confirm the bullish momentum.
The measured move target...
A clean uptrend move which I caught on F40. initially on the daily chart we saw an engulfing candle which closed right above the previous bear candle on Wednesday Feb 14th. This candlestick pattern emphasised that F40 was looking to continue the uptrend and potentially break 7700. This move was 360 pips in total. No indicators, just simple price action.
RSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA.
I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard.
It's normal...
FRA40 - 24h expiry - We look to Sell at 7200 (stop at 7300)
Previous support located at 7050.
Previous resistance located at 7150.
Price action has stalled at good resistance levels and currently trades just below here (7150).
Risk/Reward would be poor to call a sell from current levels.
A move through 7050 will confirm the bearish momentum.
Our profit...
FRA40 -
Previous support located at 7000.
Previous resistance located at 7150.
Further downside is expected.
Rallies continue to attract sellers.
Risk/Reward would be poor to call a sell from current levels.
A move through 7000 will confirm the bearish momentum.
24h expiry - We look to Sell at 7150 (stop at 7250)
Our profit targets will be 6900 and 6850...
FRA40 - Intraday - We look to Sell at 7300 (stop at 7400)
Previous support located at 7150.
Previous resistance located at 7250.
Price action looks to be forming a top.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 7150 will confirm the bearish momentum.
Our profit targets will be 7100 and...
HELLO GUYS THIS MY IDEA 💡ABOUT CAC40 nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for...
Ascending triangle formed on Daily CAC index.
The price has broken out of its downtrend since Aug 2022 showing it's in a bull market.
Also price has broken above the Ascending Triangle with a target of 6,539
CONCERNS:
Price is still below the 200MA which denotes a long term bear market.
Nevertheless, I'm bullish.
Regards
MATI Trader
Trade Idea: Buying CAC
Reasoning: CAC at major support on the daily
Entry Level: 5816
Take Profit Level: 6022
Stop Loss: 5725
Risk/Reward: 2.25:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like...
HELLO GUYS THIS MY IDEA 💡ABOUT CAC40 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
Presidential election in France will decide which way the market go on Monday.
Macron wins- pro EU , the market will go up
Le Pen wins - anty EU, big move down
Not a trading advice!
After Brexit French economy grow as money moved from London to Europe. But how long this Index can hold it's growth it's an important question.
Weekly channel showing it's above the line and 2022-23 are interest rate years and growth stocks can drop.
EW Count in France40 shows you where the next good sell or buy opportunities are. I expect upside until year end to the target area and then beginning of next year a pullback with wave 4 which can then be bought for the final wave 5 push.
Fra40 Index can take u turn after hitting close to its 21 year old level.
We can see big divergence in daily chart time frame on Rsi.
Mostly USA and Europe index touch all time high and we are still in uncertainty about economy and COVID Delta fear rising again. Shorting is idea for now but if wait with cash for a better opportunity it will be wise decision.
