FRA40 trade ideas
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!
CAC 40 - sell at 5080/ wait at 4732 / buy at 4180Key levels for CAC-40, We see more trouble than happiness on the chart for the French index
CAC40: Is a bear market ahead of us?The CAC40 broke its long-term support and failed to get back above it, while the 50-week moving average broke downward the 200-week one.
Cac40 will continue downAs expected before.
Cac40 after the break down of the channel it comeback to test the resitance and will continue down
FRA40 shortFRA40 let's go this is another index am watching and am currently looking a sell position.
short on a 20 bouncelooking to take this short as there is plenty of room for down side and we are below the 3 main moving averages on all time frames
