FR40 trade ideas
France 40 Idea Overall uptrend. Just hit a support and giving me that nice 'W" formation I love! I see this going up to 5050.
First Drive Hammering done.Second Drive Hammering Is on the Way.the detail is shown on the above Idea.
my First Idea about CAC40
First Hammering is done completely.
Second Hammering is on the way.
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CAC40 STRONG BULLISH MY eyes and the brains still processing
CAC40 is in strong Bullish market
Besides the depth from Feb on Corona spread
FR40EUR_ Target Area For a Long/Short at this point we looking for couple of things in order to enter a trade. Our confirmation will decide if we going long or short, Updates will be down below.
CAC40 - Limited upside within the wedge FRA40 - Intraday - We look to Sell at 5170 (stop at 5220)
Buying pressure from 5012 resulted in all the initial daily selloff being recaptured. Due to an Ending Wedge formation, we continue to treat extended gains with caution. Bespoke resistance is located at 5174. The trend of higher highs is located at 5200. The formation has a measured move target of 4681.
Our profit targets will be 4685 and 4650
Resistance: 5170 / 5200 / 5230
Support: 4947 / 4682 / 4650
FR40EUR is close to the Mirror Level!The trend is bullish now! If the price will cross the level and fix above we can trade buy position!
But don't rush with it because it can bounce temporarily.
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