CAC40 Major resistance (Weekly chart)We can look for shorts if that weekly doji candle breaks down. If bears are able to successfully defend this key resistance we could see a move down towards 5100. If not a continuation towards 6150 is likely.
FCHI trade ideas
Short CAC40 as global indices pull backIf you look at the global equities you'd think that the global synchronised growth narrative of 2017 is back in full force - this is very far from the truth of course. In particular, the performance of the CAC40 in the last 4 months, given the uncertainties in the Euro area, is nothing short of remarkable and baffling at the same time. But the question is how long can this fairy tail continue? With the US indices fighting off their all time highs now, the probability of a significant pull back in equities is rising everyday and the CAC 40 is one of the majors that has much to give back. From a technical stand point the RSI has been showing divergence for the last 3 to 4 weeks which again indicates that the pull back is due. Needless to say that markets can stay irrational much longer than one can stay liquid and i'll take my losses if it continues to go up this week.
FRA40 shortHi traders,
on the weekly chart we see a dripple top right now on FRA40 the stock market index from France.
Let see where the next daily candle close. If we see a dripple top so we can go short and catch many pips.
Let see what the next days bring to us.
I will set only 4 trades with different targets, as investor and trader you must share your risk on many trades.
Use a smaller lot as long term trader.
Your Stefan Forex
Once Resistance Hit, Potential Pullback SufferedPrice action just cant quite get back into that really beautiful channel the CAC40 was running in the past three months. I expect once price action hits resistance that we'll see a bit of a pullback.
CAC40 Rejoins Channel, Technicals Flash OverboughtWhile the CAC40 gave traders an almost perfect technical upward channel for January February and most of March, that channel was broken last week only to be somewhat regained over the past few sessions. It still does not know however if that channel support line is now resistance or still support. Moving averages all signal upward momentum while bull bear sentiment and RSI flash that this index is overbought. I'm not confident in equities right now. They all seem overbought and tend to be universally stagnant. Let's see how much further we can go though.
Former Support Channel as Resistance?This is such an interesting technical channel that we saw stemming back from December 2018. While, it failed to continue and broke through, it seems like now price action wants to use that former lower section of the channel that was support as resistance. However, this one is not as perfect as the channel that had formed as price action is creeping back into the channel. Either way, this one is still a fun one to watch considering how technically perfect it was acting for quite a while.
CAC40 - 240 - Just an idea for nowAfter breaking through the lower side of the rising channel last week, the index traveled south, but found good support near the 5265 hurdle, from which CAC40 rebounded.
But what the index is drawing right now looks like a potential head-and-shoulders formation. That said, before the index actually travels back to its possible neckline, near the 5265 level, we can't fully trust this idea yet. For now, keep it in the back of your heads.
Please see the chart for details.
Don't forget your stop-loss.
France40 - strong up trend near strong resistance - sell on 4H-strong uptrend since end of December
-price is near long term resistance line and retraced already three times from this line
-price retraced already from upper up channel trend line
-all indicators showing bearish correction incoming
-wait for clear short confirmation before entering this trade
good luck to all and have a nice weekend !
Textbook Channel ContinuesExpect a bit of a pullback at first as RSI and Stochastic are indicating overbought. However, overall macro trends are solid, global growth may be picking up, and in sum you'll probably make some money on this.
Channel broken a bit early, but could indicate bear marketMy call on CAC40 is changed from long to neutral now that global markets are increasing their fear on a global slowdown. This is evident in markets around the world as Asian markets plunged today as did European. US is set to be down as well. Overall, the channel break is incredibly disheartening for those expecting higher gains as it was a huge move down (3 percent). If you were not in this trade closer to the bottom, you may have missed your chance. If you didn't sell before this dip then you may have made some money. For those shorter-term traders, you may have already missed the train. We could get back in this channel tomorrow, but that seems unlikely. I'm actually more neutral to short than neutral, but Trading View only gives us three options so I prefer not a drastic shift from long to short. Let's see what happens over the next few days.
CAC40 - 240 - Will it hold?Trade Alert
The index is at a critical point once again. Will it break the lower bound of the rising channel, or will it get contained within the boundaries of that channel. We will remain cautious for now and wait to see where the weekly candle will close. If it's outside, then this might clear the path towards much lower areas.
Please see the potential breakout levels on the chart.
Don't forget your stop-loss.
CAC40 losing steam shorting LF small dipBased on a convergence of factors including those in the chart I am selling CAC 40 today.
Expecting this trade to last all day. Might take till tomorrow.
CAC40 Short Reached the same high as you can see now I personally can see it doing a downward spiral unless some news breaks out!
FRA40 shortHi traders,
this is my view on FRA40 the french economy indice.
Here we can see a perfect educational market struktur to show how important it is to know the work
of fibonacci retracement.
Beweent 0.786 & 0.618
Fibonacci retracement is the golden zone to enter for
trendfollowing trades. And what does the price? The price on this indice change the direction at the golden zone.
So you see trading is now rocket scienes, what you need is patients to wait for the right setups and the patient to let the trades run.
Have a good trading week.
Best wishes Stefan Forex
CAC40 - 60 - Short term ideaTrade Alert
The index is still within a rising channel formation, but CAC40 is currently testing its key support at around 5265 level. A drop below it may invite more sellers into the game and we may see the price sliding lower. This is when we will aim for a possible re-test of the lower bound of the rising channel.
But we will consider this idea ONLY if we see a clear break below the 5265 hurdle.
Please see the chart for levels.
Don't forget your stop-loss.
