FRA40 trade ideas
France40 - strong up trend near strong resistance - sell on 4H-strong uptrend since end of December
-price is near long term resistance line and retraced already three times from this line
-price retraced already from upper up channel trend line
-all indicators showing bearish correction incoming
-wait for clear short confirmation before entering this trade
good luck to all and have a nice weekend !
SHORT CAC40 approaching resistance, potential drop!CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Channel broken a bit early, but could indicate bear marketMy call on CAC40 is changed from long to neutral now that global markets are increasing their fear on a global slowdown. This is evident in markets around the world as Asian markets plunged today as did European. US is set to be down as well. Overall, the channel break is incredibly disheartening for those expecting higher gains as it was a huge move down (3 percent). If you were not in this trade closer to the bottom, you may have missed your chance. If you didn't sell before this dip then you may have made some money. For those shorter-term traders, you may have already missed the train. We could get back in this channel tomorrow, but that seems unlikely. I'm actually more neutral to short than neutral, but Trading View only gives us three options so I prefer not a drastic shift from long to short. Let's see what happens over the next few days.
CAC40 - 240 - Will it hold?Trade Alert
The index is at a critical point once again. Will it break the lower bound of the rising channel, or will it get contained within the boundaries of that channel. We will remain cautious for now and wait to see where the weekly candle will close. If it's outside, then this might clear the path towards much lower areas.
Please see the potential breakout levels on the chart.
Don't forget your stop-loss.
FRA40 shortHi traders,
this is my view on FRA40 the french economy indice.
Here we can see a perfect educational market struktur to show how important it is to know the work
of fibonacci retracement.
Beweent 0.786 & 0.618
Fibonacci retracement is the golden zone to enter for
trendfollowing trades. And what does the price? The price on this indice change the direction at the golden zone.
So you see trading is now rocket scienes, what you need is patients to wait for the right setups and the patient to let the trades run.
Have a good trading week.
Best wishes Stefan Forex
CAC40 - 60 - Short term ideaTrade Alert
The index is still within a rising channel formation, but CAC40 is currently testing its key support at around 5265 level. A drop below it may invite more sellers into the game and we may see the price sliding lower. This is when we will aim for a possible re-test of the lower bound of the rising channel.
But we will consider this idea ONLY if we see a clear break below the 5265 hurdle.
Please see the chart for levels.
Don't forget your stop-loss.
What is the next target of #CAC 40 ?The trend of the CAC 40 in recent years is an uptrend.
in October 2011 the Cac has undergone a technical correction of 1200 points and then very quickly he returned to his upward trend, in October 2015 after a long rise the Cac has made technical correction of 1000 points pretty much like the first time and quickly took it back bullish trend, in October 2017 the Cac has made a technical correction of 800 points and at the moment it is in progress and normally should be redone as the last two completed times a rise is exceeded the last record price.
The Cac will seek a goal to reach and the point of the Double Top (6100) in 14% of the current price is probably possible
Buy Cac 40:
Entry Price: 5290
Take Profit: 6100
Stop Loss:5000
CAC40 - 240 - Wait for a confirmation break firstTrade Alert
CAC40 is ver close to key support area at around 5200. In order to examine lower areas in the short run, we would like to see a break below the 5200 before we get comfortable with the downside.
That said, don't forget that the index is still within a rising channel formation, seen on a bigger picture, hence why the potential downside move could be seen as a correction.
If the price travels back above the 5240 level, this is when we target slightly higher levels again.
Please see the chart for details.
Always have your stop-loss in place.
SHORT SHORT CAC40 approaching resistance, potential drop!CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
