PX1 trade ideas
CAC 40 – Index futures near support The index has been in a strong uptrend since past few months however it has experienced some correction since early January, currently it stands at the support of the horizontal support line suggesting buying could be experienced near current levels. On 21st December the index had made a very significant “hammer” formation just below current levels. It would be prudent to say that the CAC-40 could rebound towards 5520 and 5600 if it sustains above 5350.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
3 Level Drop w/ stop huntOk, here we see 3 levels of drop with a stop hunt, we see a connecting parallel with one of the gann fan lines, marking a possible reversal, my recommendation here is to go long with the a stop below the previous low, please note: do expect a double bottom, it may pay off to wait and see if it does print and enter when the double bottom high is broken, ie making new highs, targets a marked as per TP1 & TP2 in consolidation areas or 'fair price' zones.
GL
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.
France 40 Triangle - Short PositionFrance 40 - Short Order
Entry: €5,659.6
TP & RR: €5,569.7 (1.7)
Stop Loss: €5,710.8
REASONS FOR THE TRADE
Typically this isn't a trade I would take as the RR is less than 2 and I consider those unfavorable. However, the price may form a lower high and I want to take advantage of the action if that is the case. The SL is placed just above the previous high. If that level gets hit, it would be a clear invalidation of the downtrend idea.
France 40 Ascending Channel - Long PositionFrance 40 Ascending Channel - Long Order
Entry: €5,668.1
TP & RR: €5,760.5 (1.89)
Stop Loss: €5,619.3
REASONS FOR THE TRADE
Again, this is a trade that I would like to take, but will not due to already having enough positions. However, I am sharing this idea for those of you looking for a trade setup, especially if you are trading FR40.
This is a similar ascending channel to a recent trade idea I posted on Oil (from yesterday). I am expecting the price to slide up and then do a move up, at least forming a double top and possibly reaching the upper trendline.
Further, I am seeing a crossover on the Market Flow indicator, so I believe the bulls have enough strength to push the price up.
The Stop Loss is set just below the recent low. Generally speaking, if it breaks down from the lower trendline then I would be looking to close the trade since that invalidates the initial setup.
CAC40 soon time to get out ?The market is up 24% since the beginning of the month without a consolidation, can we keep going up to reach the hights of 2019 before the COVID19 crisis ? do we need a pause to find new buying levels around daily supports 5463-5343 or 5175-5211, do we need to close gaps 5000-5022 or 4730-4705 ?
Can the hope of recovery from the Pfizer annoncement on 9/11 be erased by the consequences of multiple shutdowns and the risk (this is more than a risk but a highprobality) to see many small business close for ever and trigger the fast rise of unemployement in 2021, bringing us to new lows on the stock exchange ?
CAC40 recovery to pre-Covid level displays a short signalEarly 2021 will be looking for a bearish scenario through a 'W' pattern from current valuation.
CAC40 expecting to retrace down to 5150-5300 for Q1-2020 with a sytong resistance at 5185.
Bullish scenario limited to a maximal scored at 5750-5785 given macro perspective and moribund monetary plans amongst EU members as of 31/12/2020.
MACD+ showing a bearish trend since local ATH .
4H Bollinger widens, expecting volatility to increase first days of 2021.
____________
Short CAC40 for Q1-2020
. Buy BX4 (leverage CAC40 short x2) @2.05 - 2.25€
. TP @2.40-2.60€
. SL starting below 2.00€ corresponding to CAC40 above 5750pts
CAC40 | Potential Upward Movement💡 Trade Idea
📈 Buy Order CAC40 @ 5550.3
🎯 Target Profit 5612.7
🛑 Stop Loss 5519.2
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The index is trading within a bullish channel, the price is sitting on a strong support (green highlighted zone). A lower correction might be seen, and then a move upward towards the 5612.7 mark.
CAC 40 SURPRISE THE CAC 40 broke the triangle up instead breaking it down !!
but it was a good opportunity to buy
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 👎
