FRA40 trade ideas
Trendfollowing Setup!!! Do not miss!!!This is a one by one technical trade setup. Very easy to pick up such beautiful uptrends. Like the saying goes.... the trend is your friend!
Confirmed Broadening Top. Partial recovery is generally to be expected following the completion of a broadening pattern. In most cases, a rally will develop shortly after the level of the fourth reversal has been broken. This rally seldom gets beyond the half-way level between the last top and the last bottom of the pattern.
When it works, this rare pattern is exceedingly important, and generally marks a critical turn from bull to bear market.
When it comes to taking a short position, the conservative policy is to wait for the rally and to sell when prices have recovered about 40% of the decline which completed the broadening top.
Intraday: Long CAC40 as it approaches Demand ZoneReason:
1. Prior consolidation before strong up move, shows hidden selling activities at this region - buyerswill be likely to defend their positions at this level
2. Strong uptrend move – aggression of the buyers shown
3. Prior resistance turned support level
Our Trade Setup will be:
EP: 4917
SL: 4897
TP: 4937
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
CAC40 approaching resistance, potential drop!CAC40 is approaching our first resistance at 4931 (horizontal overlap resistance, 38.2% & 38.2% Fibonacci retracement, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4556 (61.8% Fibonacci retracement , horizontal pullback support)
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Testing Elliott Waves (for reference only)I am quite new to it. Let's see what happens with this first test
Potential longest bull market ever? Buy at 4190-4227 until 6780!This potential sounds crazy to some, but if I see the waves correctly, the "true" crisis wouldn't actually happen this year but maybe in 2-3 years! Are we simply back to 1937?
Something fishy: in terms of Elliott Waves, we should be buying In fact, if we are indeed in the longest bull market in history, then we may be only starting to create wave 5 if what I consider to be wave 3 is in fact ... wave 3. This is puzzling me, a lot.
SHORT: Monthly 50-EMA hit, among other thingsThere are a lots of alignments. I believe it is time to go short deeply for aggressive traders by going against the bullish "wave analysts" advocates. There is clearly an hierarchy here. People are starting to be bullish post "low vol" breakout. Don't go long the climax. Study what happened in previous decades before stock market crashes.
SHORT: Pullback to the weekly 200-EMA among other thingsThe CAC40 pulled back to the breakout level, completed different patterns and reached their targets. I know that some people studying waves believe we could still go up, but I think there should be quite a good sell-off during the next week. I could indeed be wrong, so we shall see. I've noticed that a few rarer or uncommon patterns appeared. Need to study hard on those. Elliott Waves are also more important than one may think.
CAC 40 - 240 - Making a moveTrade Alert
This is a short-term idea.
Given that CAC 40 finally moved above the 4900 barrier and also above the 200 EMA, this may continue pushing a bit higher. For now, we will see this as short-term idea, where we will target the downside resistance line, which is running from the high of the 17th of October last year. We will also keep a tight stop-loss, in case this reverses heavily against us. That said, let's not forget that the index still remains above its short-term upside support line, drawn from the low of December 2018.
Please see the chart for details.
Don't forget your stop-loss.
A different outlook for French Equities....2019 prediction=> Here we have a different view for French Equities as those who are following our telegram will already know. The case can be made that we are in a very large IVth wave of the V wave pattern since post 2008 crisis.
=> From a technical perspective this looks like a very large correction and should not continue its decline further than 38.2% (4525.x)
=> Anything below here will start to show serious cracks in the uptrend and will suggest the top for French Equities (not expected) may already be set in stone.
=> Here for 2019 we will add exposure to the upside on the test of 4525 with tight stops at 4165.
=> Best of luck all those in French and other European Equities
FRA40 approaching resistance, potential drop! FRA40 is approaching our first resistance at 4920 (horizontal overlap resistance, 161.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 4740 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our first resistance and we might see a corresponding drop in price.
High probability short at 4907Lots of reasons. But the markets could also be short-sold right away. However 4907 is extremely "attractive" so far.
Complicated wave speculative test (unknown territory)I am quite new to those kinds of wave analysis tests. There's been a lot of talks about Wolfe Waves recently.
I am seeking for alternatives. I know the chart is not clean, even very messy. But I traced the fibs for reference only, as I want to keep track of what would happen next. If anyone spots anything that could help, do not hesitate to share!
I know that some people who are using Elliott Waves believe indices could still grind up. But I am currently going against it, based on other information.
We shall see how it pans out.
The French Stock Index CAC40 Trend Still UpThe CAC40 looks like a nice setup with the bias still supportive to the upside.
However, the price will need to get above yesterday's session high which is just above the Monthly Pivot high.
Go long if the price breaks above 4852 and place a stop loss at 4673. The profit target is at 5108 for a good risk reward trade.
FR40EUR SELL (FRANCE 40 - EURO)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
champions league of .... crash ^^it was difficult to foresee a possible forex reaction on world cup result, unless the winner were the sole user of its currency (case of brazilian real), but regarding the stock market, the french CAC40 having no positive reaction at all to this means only one thing: big players exactly know where it is going to go and have already loaded their bazookas. in one word, big collapse very soon (matter of days only) for the CAC40 and everything else ...
Aiming for another wave downI think there's a possibility for another wave down to complete the C
Going short, based on:
Elliot structure
