CAC 40 SURPRISE THE CAC 40 broke the triangle up instead breaking it down !!
but it was a good opportunity to buy
FRA40 trade ideas
Buy FRANCE 40Hello Traders,
France 40 looks bullish since it reached a key support level.
I have expected that price increase to 5594 soon.
If you have a good margin, you can enter a long position, as you can see in the chart.
Close Gap at 5995 before to go down to close another Gap at 4277Let's GO, Up at 5995 and Down at 4277.
ridethepig | CAC Market Commentary 2020.11.25📌 ridethepig | CAC Market Commentary 2020.11.25
The stem for the ending of a retrace and intentions of a turn...
Breaking down ahead of US elections was strategically important.
This was not a typical personality vote, the motives of Democrats are rather exclusively known and transferring the power here will indeed be revolutionary. Neither side can accept the loss, whether we see this end up in the courts or whether we see Biden with the 'hospital pass'... it is irrelevant for the sake of this conversation because in general sense of the term and it is weighing on global equities including DAX, CAC, FTSE, IBEX, FTSEMIB and etc. Eyes on the highs today, a move down from these levels opens up all sorts of problems for buyers.
Thanks as usual for keeping the feedback coming 👍 or 👎
CAC40 AB=CD and supply zone combination short plan As you can see that the index of CAC 40 is rallying 5010, it's the best time to short with the AB=CD pattern is completed and just touch the supply zone .we can short here and let's see how it goes!!
CAC 40 Up Against Major Resistance LevelsCAC40 joined it's a rally today with the rest of the equity markets. The index has managed to climb 10% in just 1 week from its low at the end of October. Nevertheless, the fundamentals look weak for Europe with the 2nd wave still in full swing. Look to short at 4950.00 or below if the resistance level holds.
Watching for Quick RetracePrice in recent sessions in this market has sold off heavily.
As the daily chart shows; price has formed some large bearish candles lower with strong momentum.
Price has also broken through the recent swing low and support area. This recent swing low could now come in as an area of interest.
If price can retrace back higher in the next few sessions we could watch to see if it holds as a new price flip resistance level.
This level could also be a solid level to look for potential short trades.
CAC40 is back to DowntrendI expect Cac40 is going to 4280 level as a first Target and after that our next Target will be 3850, indepens of what gonna happen in the next few weeks there is a big probability to see a lower low.
It will be nice if you could share your openion with us in the comments
France is breaking down as well?EURONEXT:CAC is another index losing support right now, which if no recaptured in the upcoming hours may lead to another 10% decline in the upcoming days/weeks.
CAC40 - Decision point!!!French 40 is getting close to its decision point. Inside a wedge with possibilities for both shorts and longs.
BUT, with rising cases for Covid 19 in the UK and Europe fundamentals are pointing to a short rather than a long.
I will wait for a clear direction before I enter a trade.
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
ridethepig | French Equities into the election and beyond📌 An update to the map for French Equities
By now we should have all positioned our portfolios defensively and be sure that in doing so by covering we are ensuring that our opponent will not try a steam roller!
Think back to the diagram and follow the flows....
We have a typical position here in which French Equities can be sold actively. Thanks to the economic slowdown, covid and election risk, we can quickly bring about the attack of our targets. Sellers have already completed the difficult part of the move, but we must not go to sleep on the job!
For the sake of the discussions here, encourage all those who are trading the moves down in equities to start sharing their charts and views in the comments and we can further the conversation and developments.
Buying opportunity the FR40***************************************************************************************************************************************************************************************************
DO YOUR RISK MANAGEMENT AND MAKE SURE TO FOLLOW YOUR STRATEGY LIKE IF THIS WAS HELPFUL TELL US WHAT YOU THINK IN THE COMMENTS THANKS YOU
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BORSA ITALIANA - Toss a coin for now but SELL at 5083Key levels drawn, asset moving sideways in a tightening channel. We will be selling at 5083!
