FRA40 trade ideas
FR40 Sell SetupHi Guys, FR40 is in a downtrend so looking for a sell setup seems like a good idea.
Thank you for your support.
CAC40, sellHow to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!
France 40 / Cac 40 - 21 year level and divergence 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.
CAC40 Daily Bearish Divergence Just Before we Reach the ATHThe CAC40 Index has a daily bearish divergence as we approach the ATH price of $6950. Will be testing the ATH in 130 points on a bear divergence. Might not get it before we pullback but this looks like its shaping up to be a double top. Short it.
FR40 Bullish entry! - let bring another daytrade home!Hello there traders!
As always we provide you with analysis on tradingview.
Currently we are looking at the FRA40 where we had a nice impuls and corrective move.
Structure tested supply zone and created a reversed H&S.
Bullish pressure pushes the market up and after the retest of the right shoulder we should see FRA40 take its flight to the moon.
We also have seen the counter-trendline break wich indicates we are bullish.
Last but not least we see the market create H&S and a rejection of the retest.
This means we are satisfied and ready to take the trade.
Have a good week!
Gartley Pattern Trading Strategy
Gartley patterns are harmonic chart patterns based on Fibonacci numbers.
The first stop-loss point is often positioned at Point X and the take-profit is often set at point Fibonacci retracement numbers.
I normally open 3 small positions or a big position and close partially at 0.618, 0.5 and 0.382 Fibonacci numbers.
FRA40Cash (Daily) Bearish ReversalHi Traders
FRA40Cash (Daily Timeframe)
Waiting for the downward break of 6340 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 6577 would cancel the bearish scenario.
Trade details
Entry: 6340
Stop loss: 6577
Take profit 1: 6216
Take profit 2: 5993
Take profit 3: 5630
Score: 5
Strategy: Bearish Reversal
