FRA40 trade ideas
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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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!
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CAC FRA40 Ready for little Short and Big Impulse Watch Closely Possible ABC Correction For CAC FRA 40