FRA40 trade ideas
Viva Le France!Was able to find historical data for the French CAC 40 stock market going back to 1990. The price action going into 2000 is clearly impulsive and the French market has been tracing out a triangle pattern since. The European Central Bank will probably perpetrate another money printing explosion, after the coming market sell-off, to fuel another run up to all time highs in the mid-20’s. As I’ve seen time after time in these Socialist countries, the success of the people and businesses is belabored under the weight of Big Government, Heavy Taxes paying for social programs, and excess fiat money printing…
Long attempt in CAC40In this video I am sharing my thoughts about the French index CAC40 and what are the trade opportunities there. We were able to extract very good profit from this index before so hopefully with this plan we are going to replicate the results.
You can check trade full fundamental and technical analyses in YouTube.
CAC Sell IdeaCAC Sell Idea @ Weekly Supply Zone (5480.00 - 5544.82)
Sell Limit: 5475.81
Stop Loss: 5560.09
Take Profit: 5187.62
Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:1.5 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit
