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Spain 35 CFDSpain 35 CFDSpain 35 CFD

Spain 35 CFD

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SPAIN35CFD trade ideas

ESP35 bottom at 6300 to 6100Hello friends, followers, and traders, Looking at the 4-hour chart like so many markets there is a bearish overtone taking place at this moment in the guise of an ABC correction. Fundamentally speaking, Spains main source of income is tourism and since Spain has shut down due to the Coronavirus, we saw a brief but weak rally that has fizzled out and now in a corrective phase that should take price action in the form of an ABC correction along the Fibonacci trail landing between .618% to .786%, I would not be surprised to see a tripe bottom or even a lower low given the circumstances surrounding Spains locked-down borders. 2 days ago, the Spanish government had announced that they want the country’s tourism sector to restart activity at the end of the month of June. We will most likely see a rally in price as a reaction to this news given the fact that the stock is cheap and the probability of making profits is quite high for when the economy gets back up on its feet again. Spanish Governments Announcement, click here . Good Luck Cheers!
FOREXCOM:ESP35Short
by keifer
IBEX: a vulnerable Index ready to go down againThe Spanish Index remains quite vulnerable. It is preparing for wave 5 down which will push the index below the recent low of wave 3. Strategy Short term: go short below 6570 Increase short position below 6400 and I can add for the fans of Technical Analysis that we have a possible H&S formation since Wave 3 Disclaimer Trading has potential rewards but also potential risks. Therefore don't trade with money you can't afford to lose. The provided analysis and comments are not a recommendation to buy, hold or sell stocks, futures , indices, forex, cryptocurrencies or commodities . The past performance of any trading system or methodology is not necessarily indicative of future results. Please do your own extensive study before deciding to invest or trade.
TVC:IBEX35Short
by winstox
IBEX35 between 7200 and 8300 for monthsDue to the COVID crisis, the triangulation that has emerged since 2013 has broken down. Here I show my idea from 2 years ago whose channel has been respected until today. SEE ANOTHER FORMAT FOR THE IDEA (UNTIL NOW) Right now a new scenario is being drawn that will be supported by the almost seen lows of COVID, the 6200 (fibo 1.0) . After banning the CNMV from short positions in stocks, the index has rebounded strongly, and has left the lows far. This together with the rebound on Wall Street of the American indices has made the IBEX rebound with great force. We have reached the first resistance, the 7100. This resistance may take a couple of weeks to overcome. Once this happens, this resistance will become support. So in the short term it is better to wait a couple of weeks to buy , and in the long term it has never been a better time. Short term (this next week is BEARISH the index and could reach 6300) (COMING SOON) This support, the 7100 (fibo 1.61) is going to be 1 year support at least and will touch it repeatedly. In summer, very possibly when presenting results in 2020, it will be played again. The maximum, the 8300 (fibo 2.61), before summer will be touched and it will be time to undo positions. The possible correction of the American indices will not exceed the lows already seen, I hope that the SP500 will come as close to 2,500 as possible and will not let it touch the 2400 support. A lot of new money is coming in that had not been in the stock market before and this it affects that the short positions are more reluctant to enter and more when time runs against them and Spain is less than two weeks away from ending the confinement. They have already made quite an impact having dropped the index by 45% as seen in the graph from highs. As a future forecast, the levels prior to COVID19 will not be recovered, at most they will be 33% of the maximum this year and 15% the year you come, and in many companies not 50%, especially the Spanish banks that They will not see those levels again, I think, until at least 2022. SANTANDER will reach 3 euros per share (4 maximum) and BBVA (4 Euros per share (5.5 maximum) FULL ANALYSIS on soon www.diariodeuningeniero.com
TVC:IBEX35Long
by sergiof08
1
IBEX35 EXTREMELY BEARISH SCENARIODear Gamblers, Here is IBEX35, major index in Spain. As you can see, things are getting uglier and uglier here. Do not get caught in this enromous bullish momentum lately as you might get your ass kicked. There's no strategy here as the neckline have not yet been broken, but it will, within the right time. This strategy is no longer available if the index price reaches around 11500. Happy trading, Kind regards, BeniGo ***I am not your financial advisor neither I intend to be, please do your own research before risking your money***
TVC:IBEX35Short
by BeniGo
ESP35 (SPAIN 35 INDEX) long/buy idea. almost 1400 pips move...In the name of ALLAH who is most merciful and the master... We take trading as a business, not a gambling stuff. We have calculated approximate risk to reward ratio. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 100 pips towards target, -> Close half of the trade position after market makes half movement towards target.
FOREXCOM:ESP35Long
by WaqqasAsim