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FRA40

RSI bearish divergence+ overbought Short at 5382have a nice Bearish divergence in H1 overbought much in h4,daily,weekly Many Gap have not been filled too the us stock is much overbought so i think they will correct also and so will make the ger30 and fra40 follow them move. and the eurusd will cetainly make a small puback who ill weigh on the ger30 who i repeat is linked with fra40 not at 100% this last week but usually around 95% positive correlation i enter at 5382 we can see he block since 3-4 candle h1 to pass it so it should return back first/ i open 2 position same as all time 1 will be cut at target 1 and second in trailing stop for the Stop loSS i let you manage it lie is not a big trade cannot do a good ration if put SL so me i will put it around 5435 and the RR will be 1/2
TVC:CAC40Short
by corsicasia
CAC40 : The rounding tops show a bearish momentumThe CAC40 is consolidating between 4300 and 4520 pts since the middle of July. The US indices are currently showing weaknesses, and so does the french equity market. The resistance area at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The bearish forces are getting a bit stronger as weeks pass, as shown by the rounding tops. The long term moving average (200 days) remains decreasing, which highlights the downside underlying trend. The first steam to break is the ascending trendline (blue). The current price at the CAC40 is high enough to initiate a short position : - Short @ 4460 - Target @ 4315 - Stop @ 4520 (just above the first resistance)
TVC:CAC40Short
by AlexandreNygal