FCE1! trade ideas
Deal reached at the European summitFollowing the deal reached a couple of hours ago at the European summit re. the recovery fund, there is a likelihood that the FCE August contract will open gap up. If the 5100 pts resistance which has been tested several times breaks with a gap up, the maket could go and seek the 5140 area and then the 5200. This scenario would be cancelled if the market retraced down below the 5040 pts.
SELL SIGNAL IN LOWER TIME FRAMEPRICE REVERSE IN STRONG RESISTANCE MONTHLY SO PROBABLY CAC40 GO DOWN IN THE NEXT WEEK
Asian-European Divergence 13:45:39 (UTC) Wed May 13, 2020Short to new lows, as the divergence seen in Asia has spread to europe.
13:45:39 (UTC)
Wed May 13, 2020
Bounce on the CAC - H4 chartLook at the gap for stop loss and pivot point for first target. Black Line step is for SAR D1 time frame.
Short term : Neutral
Long term : Long
Setup on Cac 40Watch lower time frame like M15 to enter long on Cac 40 and waiting for Rsi oversold on this time frame with Fib levels. Stop loss under 4900.
