FRANCE 40
CAC40 Fails to make New All Time HighsThe French CAC40 has struggled to break above the resistance zone into all time new highs. The ECB has promised cutting rates further negative and more stimulus...we shall wait to see the developments, but so far the markets have already priced that in and sold off today after the announcement.
The CAC40 on the 4 hour shows 2/3 market trends. We had an uptrend with well defined higher lows and higher highs, and now we are ranging. On the current candle, we had a fake out with the wick above, and the bears are stepping in.
Await for a break of the 5535 zone before entering a short. See how strong the candle break is and we can assess the trade when that happens.
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.
FR40EUR support on sight!Renko chart shows support, bouncing from it will send the value to the closest resistance with good gains on midterm-longterm.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. Coinmarkets.net, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
France40 forming a head and shouldern pattern?FRANCE index is forming a H&S pattern? Looking for opening a long position.
FR40EUR ready for another short? My idea is to shorten the bearish engulfing pattern after the market has made a new low.
France 40 Index - Bullish OpportunityBullish momentum is present on France 40 Index. We can expect other Euro pairs to go up as well as the indexes show good bullish signs.
CAC40 BUYBullish on equities correction should end soon. If not here we will look for entry levels lower. RSI oversold with divergence.
France 40Possibility to SHORT if breakdown of the trend line.
Possibility to LONG if no break down of the support line.
Possibility to go SHORT if reaches the resistance line.
I am a new trader, any thought on the current situation? :)
