FRA40 - 24h expiry
Previous support located at 7350.
Previous resistance located at 7425.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
We look to Buy at 7325 (stop at 7275)
Our profit targets will be 7445 and 7450
Resistance: 7425 / 7450 / 7500
Support: 7350...
Today's focus FRA40 CAC
Pattern – Support hold - continuation - HL
Possible targets – 7465 - 7600
Support – 7315 - 7360
Resistance – 7460 (ST)
Indicator support – CCi close to 0 cross – 38.2 fib area
Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could...
hi,
Right now we have a strong field of distribution on the market. The main point of CAC was in 7586 points. The index did not continue to move up and right now we see that direction is on the south.
Stocks of banks were very high and we have a distribution on UniCredit or Credit Agricol. The stocks did not move up all the time and we had double highs on...
FRA40 - 24h expiry -
Previous support at 7500 now becomes resistance.
We are trading at overbought extremes.
We look for a temporary move higher.
A higher correction is expected.
Short term bias has turned negative.
We look to Sell at 7509 (stop at 7569)
Our profit targets will be 7361 and 7331
Resistance: 7470 / 7500 / 7535
Support: 7420 / 7400 /...
All in short.
All the FUD during the last weeks is about to be priced in. So much fun is coming after $SI liquidation, now we have Silicon Valley Bank fud.
Let the greedy bulls era end and spread to Europe.
PS : Sorry I'm being emotional (but this is drawing a nice rounded top)
FRA40 - Intraday - We look to Sell a break of 7509 (stop at 7561)
Previous support located at 7500.
Previous resistance located at 7570.
Price action looks to be forming a top.
Short term momentum is bearish.
A move through 7500 will confirm the bearish momentum.
Our profit targets will be 7385 and 7365
Resistance: 7570 / 7600 / 7650
Support: 7500 / 7350...
Disclaimer: This is not financial advice. The information presented is only an opinion and should not be considered as investment guidance. Do your own research and consult a financial professional before making any trading decisions.
Trade Details:
Instrument: CAC40
Position: Short
Entry: Between 7500 - 7566
Stop Loss (SL): 7726 (2 x Daily ATR of 60 = 7566 +...
FRA40 - 24h expiry -
Doji-style candle has been posted at the high.
Previous support is located at 7475.
Previous resistance is located at 7525.
Price action looks to be forming a top.
Short-term momentum is bearish.
A move through 7475 will confirm the bearish momentum.
We look to Sell a break of 7479 (stop at 7545)
Our profit targets will be 7325 and...
Daily Timeframe.
Aside from the FTSE 100—which gauges the performance of 100 blue-chip UK-listed companies on the LSE weighted by market capitalisation—Germany’s DAX 40, France’s CAC 40 and the Euro Stoxx 50 refreshed YTD highs last week.
The trend is clear in all four markets, presented through a series of higher highs and higher lows.
Consequently, more so...
Not sure I am reading divergences correct but assuming I am, the CAC Fra40 looks bearish in divergence. Atm it's very strong bullish though so who knows.
There will be a minor new top the coming week, but that's it. The end of the bull market is coming to every market, some have already reversed, some still have to make one last top.
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 7000 (stop at 7100)
Previous support located at 6800.
Previous resistance located at 7000.
There is no indication that the selloff is coming to an end.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 6750 and 6700
Resistance: 7000 / 7050 /...
