France 40 Ascending Channel - Long Order Entry: €5,668.1 TP & RR: €5,760.5 (1.89) Stop Loss: €5,619.3 REASONS FOR THE TRADE Again, this is a trade that I would like to take, but will not due to already having enough positions. However, I am sharing this idea for those of you looking for a trade setup, especially if you are trading FR40. This is a similar...
CAC40 joined it's a rally today with the rest of the equity markets. The index has managed to climb 10% in just 1 week from its low at the end of October. Nevertheless, the fundamentals look weak for Europe with the 2nd wave still in full swing. Look to short at 4950.00 or below if the resistance level holds.
sell after we hit the confirmation level
Overall uptrend. Just hit a support and giving me that nice 'W" formation I love! I see this going up to 5050.
Today, the central bank of France has announced the bouncing of the economy is occurring faster than earlier forecast. Technically, the price is at the earlier resistance level and will bounce off from here. Wait for confirmation before entering in any trading (Price action confirmation) Please trade carefully and do not risk more than what you can afford (1% of...
Avec une faible volatilité depuis fin novembre, si IDI franchis la résistance entre 45 et 46€, une continuation de tendance se dessinerait alors.
Crossing MACD line and will retest 1 and 2nd retracement level
short #CAC40 at 5776 if you cant catch it,try tom around 70-80 and sell,the plan its simply to take the correction of a bearish rsi divergence + we are on monthly resistance and a bit overbought so 3 Tp like that each tp you cut 33% of your position
I expected today that the French index will go through correction after overextended buy, but seems like, this buying frenzy hasnt stopped . Which brings me to a good trading idea, to short this double top formation and wait for it to reach its bottom 0.681 fibo retracement after overbought levels. Open Short FRA40 5756 Tp1 5700 Tp2 5650 Tp3 5600 Tp4 5500
*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. CAC40 - Elliott Wave Outlook Bearish Swings - Patterns: Triple Three structure in Cycle Wave IV (green) W (purple) - Zig-Zag X (purple) - Three (false break-out) Y (purple) - Simple Flat X (purple) - Contracting Triangle Z (purple) - Zig-Zag Bullish Swings...
CAC is quite strangely printing on the big 1W/1M time frames a similar trading pattern with the early - mid 90s. The MA50/200 sequence is identical within a Channel Up with two distinct peaks that broke the Channel momentarily before testing again the supporting trend line. What stands out in particular is the +46.50% rebound from the first Higher Low on both...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
A quick scalp idea: Price is currently moving in an rising wedge, and we will be looking to place short trades when the RSI indicator becomes relatively overbought. The price had already broken out of a ascending trendline from the monthly timeframe, therefore, short positions are highly feasible on this index.
The French stock market is painting an inverted triangle formation. Though not yet confirmed, this can portend lower prices ahead. We are currently rounding over. A weekly close above the prior weeks' high would negate bearishness for now, whilst a weekly closing below the last swing low would confirm the pattern and target the purple area. While pundits claim...