FR40EUR ready for another short? My idea is to shorten the bearish engulfing pattern after the market has made a new low.
CAC40 trade ideas
Can CAC40 Breakout?The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade.
However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.
CAC 40 - Wait for the 5440The CAC 40 is in a positive trend within a parallel channel since beginning of July (which is also the case for the RSI)
5440 could be a good area to enter into this market for 3 reasons:
-In contact with the MM20
-Bottom of the parallel channel
-Support tested on August, 2nd
Target price : 5530
CAC Sell IdeaCAC Sell Idea @Weekly Demand Zone (5538.92 - 5662.43)
Sell Limit: 5538.15
Stop Loss: 5668.90
Take Profit: 5352.02
Risk Management = 0.01/$100
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
Possible gain 5.60% ShortIn this configuration a simple triangle does not offer any tendency everything will play at the exit, if we break the support of 5360 points we can consider a decrease of 5.60% in support of 5060 points, if it does not then realize a head-shoulder this will form the head down
CAC Buy IdeaCAC Buy Idea @Weekly Demand Zone (5538.92 - 5662.43)
Buy Limit: 5538.15
Stop Loss: 5668.90
Take Profit: 5352.02
Risk Management = 0.01/$100
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
