FRA40 trade ideas
CAC40 Forecast
It looks bullish towards 6427.986 for the France Index.
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Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
BULLISH MOMENTUMThis is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry . This is my opinion, not for any signal service. Good luck.
Short term consolidationI expect the French CAC40 index to consolidate to 5850pts following the recent rally that has brought the RSI in the overbought territory and has enabled the closing of the Gap at 5995. Further more the index has reached the resistance level of the inner ascending channel that has rejected it several times in the past.
Let me know what you think of this idea in comments.
BUY TIME CAC40Hey, this is my idea for this week, I missed this morning's entry (thanks insomnia)!
With an ideal entry around 5950-5960.With a second possibility of entry around 5995-6000 knowing that it is an intermediate zone
I will update later
CAC 40 Few weeks before we may enter a strong reverse. Right above 6000, we may start accumulating shorts.
FR40 definitely an index to include on your watchlist this year.On the long term view this index has made a bearish rally from the early days of February and made a low mid March, and a rally which looked impulsive, therefore we can conclude that the main trend is down.
According to the Elliot Wave Principle every motive rally has to be corrected to a specific fibonacci level, of which has been happening, price correcting in a form of a channel. It appears that the short term trend up seems to be loosing momentum exactly at the 78.6% fibonacci extension level which draws some attention to investors.
Price might drop significantly in the near future and this might happen faster than the side ways move we have been observing since mid March.
A happy trading to you all.
God Bless You.
FRA40 SellShooting star candlestick confirmation (2hr-timeframe) following third 4hr trendline touch. Entry to be made on cross of the steep support trendline.
Idea for this week in CAC40Hey, this is my idea for this week in CAC 40, i have two zone Bullish and Bearish, It will depend on investors' fear of the threat of macroeconomics;
Higher than 5800 i will buy (Waiting for a real signal of course)
Under than 5700 will short !
I will update when i will take the trade !
Good week everyone :p
FRA40 sell biasA third touch on the expanding pattern arrived with a double top variation (i.e. the second leg slightly higher than the first). The ray line indicates the neckline of that pattern. A confirmation to take this sell entry will be a break and retest of that neckline, which validates the pattern. The final price objective will be at the support trendline of the expanding pattern, which is also at the bottom of the move being reversed by the "M" formed. TP1&2 are set as indicated, however one can use any level to set their own tp's, these are merely recommendations.
FRANCE CAC40 Retest The Previous Toplooking for cac40 index to retest pre covid-19 levels before going into new bear market.
France40. Short We look to sell at 5720 the Previous resistance .
The rally is close to an exhausting count in the intraday chart. The expectation is for this swing higher to continue towards the top of the trend channel .To complete correction before sellers return.
Entry 5720
TARGET 5500
SL 5805
...........................................................
Support: 5600
Resistance: 5720
CAC40. Shortprice chart with gaps almost every day is typical for very thinly-traded securities and should be avoided. Prices often gap up or down at market open, but the gap does not last until the market closes. Such temporary intraday gaps should not be considered as having any more significance than normal market volatility.
Tp 5620
Sl 5730
