FRA40 trade ideas
CAC40 - Decision point!!!French 40 is getting close to its decision point. Inside a wedge with possibilities for both shorts and longs.
BUT, with rising cases for Covid 19 in the UK and Europe fundamentals are pointing to a short rather than a long.
I will wait for a clear direction before I enter a trade.
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
ridethepig | French Equities into the election and beyond📌 An update to the map for French Equities
By now we should have all positioned our portfolios defensively and be sure that in doing so by covering we are ensuring that our opponent will not try a steam roller!
Think back to the diagram and follow the flows....
We have a typical position here in which French Equities can be sold actively. Thanks to the economic slowdown, covid and election risk, we can quickly bring about the attack of our targets. Sellers have already completed the difficult part of the move, but we must not go to sleep on the job!
For the sake of the discussions here, encourage all those who are trading the moves down in equities to start sharing their charts and views in the comments and we can further the conversation and developments.
Buying opportunity the FR40***************************************************************************************************************************************************************************************************
DO YOUR RISK MANAGEMENT AND MAKE SURE TO FOLLOW YOUR STRATEGY LIKE IF THIS WAS HELPFUL TELL US WHAT YOU THINK IN THE COMMENTS THANKS YOU
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