FRA40 trade ideas
CAC40 Short Entry on Divergence 13:45:39 (UTC) Wed May 13, 2020As of the open today, the French stock market is down 32 percent from February. There's a broad based stock market crash going on, with financials down 42% year to date. For this, I will be shorting from these regions, and using the futures index as it's proxy.
13:51:33 (UTC)
Wed May 13, 2020
(FR40) Index to hit 4600 EUR Pretty SoonFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis and not meant to be taken seriously. That being said, let me get into my opinion. FR40 which is a French stock index for the Euronext Paris, have been hit pretty significantly as a result of Covid19 after being on a bullish recovery for almost a year prior. Now, as the markets are weighting in and people are starting to "panic sell less", I believe it is about to pass the 4600 euro threshold and likely to go on a stable price recovery trend. The 4600 EUR threshold crossing is likely within a week or so at most, but the recovery process is more of a long afterwards.
CAC 40 ANALYSISCAC 40 is going DOWN after break the black line, so there is a great propability that it will continue down.
All indices move the same way!!..Or do they??**PLEASE FAST FORWARD TO .35sec MARK!**
I wanted to give a quick lesson on correlation.
Telegram: @RichDadBre
All the indexes move the same way...or do they??I wanted to show an example of why its not always a good idea to trade multiple indices the same way.
@RichDadBre
CAC40 dans le douteSuite à la cassure du pont pivot, l'indice pourrait atteindre le 1er niveau de target 5031.405 et meme le 5380.300. et ainsi reprendre la tendance haussière sur son support actuel qui est sa trend line.
CAC40 Potential recoveryDisclaimer: This is not a trading advice.
The 0.382 level has been challenged many times already, it acts as a strong resistance, the support has also been challenged many times since the beginning of the rebound.
Those two make a great ascending triangle.
The PUTS / CALLS ratio shows that the market is still bullish. Even though buying puts for the sole of buying puts is forbidden the ratio keeps decreasing => more calls & less hedging
The ban on short positions has been extended until 18 may.
The exponential moving average 18 & 9 will cross on monday (EMA 9 > EMA 18).
S&P500 is on a bull run and has done a V-shaped recovery for now so investors might FOMO on European stocks which could do the same.
Also institutions want to restart the economy as soon as possible.
If we successfully break the triangle I wouldn't be surprised of seeing the price above 0.5 Fibo level - 4800.
FRANCE40 Long 80%Hi Trader;
Indices France40 Long 80% probability to hit target on profit.
- Target 4829
- Stop Loss 4228
Daniel Martin
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- 19 years trading experience
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NOTE: I do have my reason for my entry; now if you have the same entry that me; the perfect you have more possibilities to be correct; but the opposite I will do nothing , just follow me and wait for a new trade.
CAC40 In a good position, but not the best YETAs we can see, we are waiting for the retest in the tendence for the most risky ones, if you want the best operation, we need to wait the broke of the offert zone to enter in the operation with a really low risk!
For more operations and analysis of this and other Index and Forex pairs, follow me and give a like for the effort!
it's time to buy CAC40After the break of resistance, the probability to see CAC40 in 4800 is very high
if cac40 breaks 0.382 or 0.236 strongly the target will be the nif cac40 breaks 0.382 or 0.236 strongly the target will be the next level
