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CAC 40 Index

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FRA40 trade ideas

CAC40 6275.52 + 0.28 % LONG IDEA * BREAKOUT & STRUCTURE HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE CAC 40 INDEX. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:CAC40Long
by PULEMokhothu
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.
FShort
by McCarteen
2
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.
FShort
by RealOne_TheMovement