Developing FRA40 pattern...?The bullish channel got violated after the peak at price 6797.7, this is now a change of structure. Looking for market to hit price 6627.1 which is our previous daily high then take a slight upward move to complete head-and-shoulders pattern… From the emerging formation then we can smoothly continue to go bearish until the neckline at 6420.0…
FRA40
Jamie Gun2Head Trade - Selling CACTrade Idea: Sell CAC
Reasoning: Medium term looking bearish - selling a break of a descending triangle
Entry Level: 5896
Take Profit Level: 5787
Stop Loss: 5949
Risk/Reward: 2.06:1
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SUPPLY AND DEMAND - FRA40 (13-18 Dec 2021)MN TF
Price seems overbought, price may reverse.
To observe what price will do.
WK TF
If price is going downwards, then sell from the SUPPLY zone.
If price is continuing upwards. find new areas of Demand to BUY
D1 TF
To observe where price will go.
fra40Possible long-term moves for Fra40? how will the current social/political/economic happenings affect the future move of this pair? After analysis, I came to conclude on 4 possible channels the current could go.
*** disclaimer
this is not investment or financial advice.
FRA40 Buy reversal ✈️This market has seen significant selling this week, we project a reversal to begin and perhaps longs through the whole of next week.
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CAC40 Bearish (Downtrend)CAC40 has officially become bearish, I think that was pretty obvious two or three days ago. We've got a bearish divergence on the 1-day timeframe, not to mention the fact stoch and rsi is both topped out completely on 1 week and 1 month timeframe, I believe we could be seeing lows of 6300 points.
Due to the FED moving towards tapering it's possible there could be a tantrum within the market causing major indicies to crash.
4-hour timeframe H&S completed
30-minute timeframe bearish divergence
Descending Channel on countless timeframes (lower)
We're seeing most timeframes oversold though which is quite worrying, however, they seem to be building up due to it just hovering around so we'll see how the market plays out.
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.
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.
CAC40 (every week I will update the chart)in the short term I will wait for the yellow zone, looks like a triangle pattern not confirmed!
FRA40 BREAKOUT ON NEGATIVE SENTIMENT MAY BE REJECTEDWe saw CAC40 index breakout last day of the trading week, however on a negative sentiments with relatively low volume. This could lead to price rejection. IF PRICE IS REJECTED, the index could be heading towards its mean value.
Higher timeframe sentiments remains bullish.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
cac40this index is going to rise with most world indicator the index just test 5900 support and that support hold now we are going to rise for 6150 as i hope but for now 6100 will be a good TP on other hand i check most indicators
us30 rise above 32800
dax up from 14800
us100 higher than 12750
nikke225 hier than 29000
so we back to another upcycle as i hope
take this on your own responsibility
FRA40 indexaccording to chart pattern of W the price should be bullish after breakage the neck of W then will move the same amount of pips as mention in price range ,, my prediction as i see in chart the price will not break the resistance above and will go down to 5530 for correction .
France 40 Uptrending Buy OrderFRA40 Long Position
Entry: €5,644.6
TP & RR: €5,688.0
Stop Loss: €5,627.3
REASONS FOR THE TRADE
Breaking up from a descending triangle, I expect the price to retrace slightly and then continue the up move. Stop Loss is set below the trendline and the target is at a resistance level. Market Flow indicator show a clear move up.
The trade is slightly in retrospect as by the time I write the trade idea price started moving up. However, I think you may have a chance to enter again.