FRA40 trade ideas
Further downside is expected from French40.FRA40 - 24h expiry
The correction higher is assessed as being complete.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 7300 will confirm the bearish momentum.
The RSI is trending lower.
We look to Sell at 7370 (stop at 7420)
Our profit targets will be 7250 and 7225
Resistance: 7350 / 7370 / 7400
Support: 7300 / 7270 / 7250
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CAC40 Short Pivot: 7280.00
Our preference:
short positions below 7280.00 with targets at 7180.00 & 7120.00 in extension.
Alternative scenario:
above 7280.00 look for further upside with 7325.00 & 7380.00 as targets.
Comment:
as long as 7280.00 is resistance, look for choppy price action with a bearish bias.
FRA40 to find sellers at previous support?FRA40 - 24h expiry
There is no indication that the selloff is coming to an end.
Short-term RSI has turned negative.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 7150 will confirm the bearish momentum.
We look to Sell at 7225 (stop at 7275)
Our profit targets will be 7105 and 7075
Resistance: 7200 / 7225 / 7250
Support: 7150 / 7125 / 7100
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FRA40 Short Pivot: 7300.00
Our preference:
short positions below 7300.00 with targets at 7226.00 & 7100.00 in extension.
Alternative scenario:
above 7300.00 look for further upside with 7320.00 & 7380.00 as targets.
Comment:
as long as 7300.00 is resistance, look for choppy price action with a bearish bias.
Trading Under The Spotlight: My Open Analysis Odyssey #10Greetings once again, TradingView community!
Our ongoing quest through the markets unfolds another intriguing chapter, serving as a testament to the unpredictability and dynamism that is trading. If you're joining this journey for the first time or have been a steadfast companion, here's a brief rundown of the principles driving this series:
Transparency, Not a Tutorial : Through these posts, I aim to pull back the curtain on my trading thought process. However, the intricate mechanisms and strategies at play remain undisclosed. This isn't trading advice per se, but more a personal diary of market exploration.
Frequency & Execution : Every day presents its unique blend of setups. However, not all are destined for execution. This series predominantly mirrors my mental excursions in the market, rather than constituting actionable advice.
Purpose & Growth : The bedrock of this initiative is my aspiration to refine and amplify my market analysis prowess, all the while basking in the invaluable feedback from this vibrant community.
Diving into the next analysis of the day:
Instrument : FRA40
Bias : Short
Overall Trend : Long
Thoughts : My current observations have spotlighted two intriguing price action setups within this asset. Admittedly, my knowledge regarding the prevailing fundamentals of FRA40 is scant. Given this gap, I'm leaning towards abstaining from the first setup. The second does exude a certain allure; however, it's imperative to understand that fundamentals often steer the broader market direction. The trading adage of not swimming against the river's current rings true here — to defy it invites potential peril. My stance is one of observation, cataloging, and learning, aligning with the core tenets of this series.
Engaging with this platform and its diverse group of traders and enthusiasts remains a cherished aspect of this endeavor. Onwards we march, uncovering market nuances and fostering collective growth, one setup at a time!
CAC40 to find sellers at current levels?FRA40 - 24h expiry
The move higher is mixed and volatile, common in corrective sequences.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 7300 will confirm the bearish momentum.
The measured move target is 7200.
We look to Sell at 7350 (stop at 7390)
Our profit targets will be 7250 and 7200
Resistance: 7350 / 7375 / 7400
Support: 7300 / 7250 / 7200
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FRA40 Long Pivot: 7195.00
Our preference:
long positions above 7195.00 with targets at 7330.00 & 7375.00 in extension.
Alternative scenario:
below 7195.00 look for further downside with 7145.00 & 7080.00 as targets.
Comment:
a support base at 7195.00 has formed and has allowed for a temporary stabilization.
FRA40 Short Pivot: 7395.00
Our preference:
short positions below 7395.00 with targets at 7215.00 & 7130.00 in extension.
Alternative scenario:
above 7395.00 look for further upside with 7440.00 & 7485.00 as targets.
Comment:
as long as the resistance at 7395.00 is not surpassed, the risk of the break below 7215.00 remains high.
FRA40 LongPivot: 7336.00
Our preference:
long positions above 7336.00 with targets at 7464.00 & 7500.00 in extension.
Alternative scenario:
below 7336.00 look for further downside with 7300.00 & 7270.00 as targets.
Comment:
a support base at 7336.00 has formed and has allowed for a temporary stabilization.
FRA40 Short Pivot: 7387.00
Our preference:
short positions below 7387.00 with targets at 7310.00 & 7270.00 in extension.
Alternative scenario:
above 7387.00 look for further upside with 7415.00 & 7440.00 as targets.
Comment:
as long as 7387.00 is resistance, look for choppy price action with a bearish bias.
CAC40 to break above Falling Wedge?Falling Flag (Wedge) has formed on CAC40 since April 2023.
We have had the price come down each time but make a higher low and fail to break below 7,056.
It might be premature but, it looks like the momentum is pointing up (along with many other alternative indices).
I'll be happy to go long when the price breaks above. But now it's a waiting game.
7>21>200
RSI>50
Target 1 will be at 7,857
ABOUT THE INDEX
Name:
The CAC 40 is an abbreviation of "Cotation Assistée en Continu", which translates to "continuous assisted trading", and the number 40 refers to the number of companies represented in the index.
Establishment:
The CAC 40 was established on 31 December 1987, with a base value of 1,000 points.
Representative of French Market:
The CAC 40 is the benchmark stock market index in France, which reflects the performance of the 40 largest publicly traded companies listed on the Euronext Paris.
Diverse Sectors:
The index includes a diverse range of sectors, such as manufacturing, banking, pharmaceuticals, media, utilities, luxury goods, etc.
CAC40: Is this just a shallow correction?A price action below 7300 supports a bearish trend direction.
Further bearish confirmation for a break below 7200.
The target price is set at 7100.
The stop-loss price is set at 7500.
When the profit target percentage is smaller than the stop-loss in a trade, it indicates a risk management approach where the priority is to limit potential losses and protect capital. By setting a smaller profit target and a wider stop-loss, traders are acknowledging the potential for a larger loss compared to the potential gain.
8000 points for CAC40 to celebrate the 100-year topThe bull market still has a couple of weeks to go. We've completed wave A and B of the primary 5, and there is just one leg up remaining in wave C, which will take us to 8000.
I'll be listening to the French BFM radio as we approach the top. I want to hear them rejoice over "Le CAC40 pulverisant les 8000 points".
Then the bull market will end. I'm talking about the bull market that delivered at least 100 years of growth of Europe and the US. All that growth and prosperity will be put to a test over the next decade by the ruthless and inquisitionary Bear.
"Inclusivity and Equity" and market tops: the ExplanationEver since the end of the bear market in 2009, the French and the world's economy were squeezing growth out of the weakening economy in non-organic ways, predominantly by borrowing more and by increasing the government spend.
Toxic social trends emerged and flourished at the same time: inclusivity, equity, belligerent feminism, dismissal of real masculinity, embracement of non-traditional and non-existent genders etc.
Those trends emerged not because the prosperous and benevolent society was willing to spread out and share the wealth accumulated during the bull market across the entire population. It was, in fact, the exact opposite: the 80% of the populace, facing the toughest competition for the remaining well-paid jobs, collectively decided to kick out the most educated and talented remaining 20% of individuals by adopting the "inclusivity" strategies. Recall "The Weakest Link", when in the last round two weaker players always eliminated the strongest one? It's the same game, only played on the planetary scale.
The good news: those toxic trends will come to an end once there will be nothing more to divide or conquer. The bull market has 2-3 weeks remaining. The CAC40 might reach 8000, but then the entire growth of 2009-2023 will be erased.
"Accrochez vos ceintures"
LONG - FRA40 (H4) (26 May 2023)SWING TRADE - FRA40
Weekly Chart
- Price is still going up
- Price is currently correcting, and is expected to go up since it breaks the Historical high price point
In Daily Chart, price is out of alignment and is correcting
- price is expected to bounce back from Daily Demand zone
- a potential buy trade can be found inside the zone
In H4 Chart,
- A potential buy trade can be found at the bottom.
- The zone above is tested,hence not a good zone to buy from
CAC40 Short Pivot: 7275.00
Our preference:
short positions below 7275.00 with targets at 7145.00 & 7080.00 in extension.
Alternative scenario:
above 7275.00 look for further upside with 7324.00 & 7362.00 as targets.
Comment:
as long as the resistance at 7275.00 is not surpassed, the risk of the break below 7145.00 remains high.
PVPSMCSHere is a probability vs the possibility of France 40. It shows that the market is giving an ascending type of pattern and has been playing in between it. Failure to break IDM will result in strong sells but a break of the IDM will result in buys with further confirmation such as candlestick confirmation