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CAC 40 IndexCC

CAC 40 Index

8,181.10EURR
−9.50−0.12%
As of today at 01:14 GMT
EUR
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FRA40 trade ideas

CAC40 Fails to make New All Time HighsThe French CAC40 has struggled to break above the resistance zone into all time new highs. The ECB has promised cutting rates further negative and more stimulus...we shall wait to see the developments, but so far the markets have already priced that in and sold off today after the announcement. The CAC40 on the 4 hour shows 2/3 market trends. We had an uptrend with well defined higher lows and higher highs, and now we are ranging. On the current candle, we had a fake out with the wick above, and the bears are stepping in. Await for a break of the 5535 zone before entering a short. See how strong the candle break is and we can assess the trade when that happens.
TShort
by Uncharted-FX
CAC40 - 240 - Wait for itTrade idea. Yesterday, the index managed to recover some of its losses and traveled higher to test the short-term tentative downside line. If that line continues to hold the rate down, then we could see another round of selling. But if it breaks and we see at least a 4-hour candle closing above it, this might increase the chances for a further push higher. That said, for a better confirmation of the upside, ideally, we would wait for a break and a close above the 5345 barrier. This way, the index would be back above the 200 EMA again, which could be seen as a positive sign. Please see the chart for levels and target. Don't forget your stop-loss.
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by JFD_Research
CAC40 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. CAC40 - Elliott Wave Outlook Bearish Swings - Patterns: Triple Three structure in Cycle Wave IV (green) W (purple) - Zig-Zag X (purple) - Three (false break-out) Y (purple) - Simple Flat X (purple) - Contracting Triangle Z (purple) - Zig-Zag Bullish Swings - Patterns: Impulse in Intermediate (1) (blue) Extension in Minor 3 (green) Next expected swing: Bearish sequence in Intermediate (2) (blue) Structure change: Bullish continuation in an impulsive manner could lead towards more up-side for an Ending Diagonal.
TShort
by EW4X
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