Just an idea -- actually a small gamble -- Le Pen wins.I am going to bet that Le Pen wins the election. I believe that the Macron victory is already in the price, after first round of elections. Now he is approx. 20% lead vs Le Pen. So if Le Pen wins there would be a much bigger surprise. I will open a small position.
The risk ratio is between 2-3, so this is comparable to every trade I make.
FCHI trade ideas
Cac 40 Index on a knife-edge hereCac 40 index is sitting on a knife-edge here waiting for positive news from FOMC presser. Not quite as positive as the Dax but they are both going to move in same direction when it comes. Get ready to go long on a move above 5310 if we see it for rally to 5744 to begin with, then 5865
Cac 40 Index: Excellent Long setup triggered by break above 5300Cac 40 Index: The Cac has only recently broken out of a long term down-trend. If we get a gap up through 5300 tomorrow it's well worth following for a really profitable longer term trade. And even if we don't get the gap (which would be perfect technically) it will still be worth following on a longer term basis on any close above 5300
Cac40 Index update: Holding up uncannily well here. Close shortsCac 40 index is holding up surprisingly well at current levels waiting for someone/thing to propel it higher still. It just isn't behaving in a bearish manner, if it was it would be much weaker today so am closing short at meagre profit and thinking more about upside potential from here...am thinking I'm wrong here to be bearish because If this index can break above 5300 it should unleash another wave of buying power strong enough to reach 5744, then 5865. Will not return to a bear stance unless 5225 is broken (which could still happen if Alphabet disappoints - but don't see that happening and neither does this index by the way it's behaving so far this week. Nevertheless it's better to be prepared for it, triggered by a fall below 5225)
CAC40 - Has the rally just begun?The resistance offered by the falling trend line drawn from Sept 2000 high and June 2007 high was breached last month.
This month's candle shows a sharp rebound from the sub-trend line support level followed by a rise to 5295.5 (highest level since Jan 2008 high).
The chart also shows a nice rebound from the rising trend line in mid 2016.
Overall, the technical picture says the rally may have just begun... the monthly RSI is rising and is yet to overbought territory.
Testing weekly harmonic pattern - Is it heading to 6000? Even before yesterday's results, the French CAC40 provided a bullish long term signal when it broke above a monthly downtrend line.
The CAC40 is testing the X point of a bearish Bat pattern (similar to what we see in German DAX) and if it'll break and close above it, it can continue all the way up to 6000 to test a bigger PRZ.