hey guys, after a bullish breakout of a major falling trendline, the price is consolidating in a horizontal range. it looks like buying volumes are accumulating to breakthrough the minor resistance and go higher. to jump in wisely wait for a 4H candle close above the range, then buy on a pullback or aggressively aiming at: 91.3 92.4 levels good luck if...
The French index started second leg of double three WXY correction with wave Y, which could hit 5140. This level represents the equal distance of Y=W and also the 61.8% Fib (5166).
Pretty bullish trend for the airline industry, but we've been rising pretty fast last week and a pullback would make sense. We have resistance here at 81ish. However, I feel it's risky to short with all of the greed and optimism out there right now.
Logic: close & re-test of 50D EMA puts AXA in intermediate uptrend following significant drop and 2 months sideways consolidation. Entry: €17.00- €17.20 Stop: €15.50 (can consider lower if longer term outlook) Risk: -9.88% Target: €20.50 & ultimately €23.00 yearly pivot retest from February drop. Gain: +19.48% & longer term target +33.72% Note: among highest...
Thanks for your likes and shares! Much appreciated! _____________________________________________ The market is in a recovery mood . The actual range can possibility be a good entry for a short direction profitable trade. The upper level can possibly see a nice entry for long direction trade, BUT, beware of pullback because it is a strong resistance line. If...
FRA40 - Intraday - We look to Sell at 4793 (stop at 4840) Majority of the initial daily gains being overturned. Bespoke resistance is located at 4725. The rally has posted an exhaustion count on the intraday chart. The 161.8% Fibonacci extension is located at 4793 from 4193 to 4564. Preferred trade is to sell into rallies. Our profit targets will be 4564 and...
Rising wedge on the 4h, could this possibly lead to a continuation of the broader downtrend in the coming month?
CAC40 In a good position, but not the best YET
FR/EN Beaucoup de vendeurs lors du krash COV-19 ! Cependant ils restent encore des vendeurs dans le marché et les actionnaires qui ne croient pas aux orientations de l'entreprise doivent partir et laisser les croyants à la renaissance du fleuron francais, bien que pluriculture désormais avec Nissan depuis 1999 et Mitsubishi depuis 2017. D'un point de vue...
I remain short the CAC40 index as from the previous post linked, I remain short the CAC40 index as from the previous post linked,
As of the open today, the French stock market is down 32 percent from February. There's a broad based stock market crash going on, with financials down 42% year to date. For this, I will be shorting from these regions, and using the futures index as it's proxy. 13:51:33 (UTC) Wed May 13, 2020
Short to new lows, as the divergence seen in Asia has spread to europe. 13:45:39 (UTC) Wed May 13, 2020
The above chart show's FXCM's DAX proxy - the GER30. We note that the orange 13-day EMA has crossed above the black 34-day EMA (green ellipse). This has put the EMAs into a bullish stack. I.e. the green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. If the EMAs develop angle and separation to the upside, it will...
if we break this line there is a high probability that this level will happen
The FTSE100 is entering a consolidation and trading range between 5450 and 6332.
As we can see, we are waiting for the retest in the tendence for the most risky ones, if you want the best operation, we need to wait the broke of the offert zone to enter in the operation with a really low risk! For more operations and analysis of this and other Index and Forex pairs, follow me and give a like for the effort!