FRA40FT trade ideas
CAC 40 (BUY)We have a W pattern between June 13 and July 19, 2022, then a strong acceleration that day. We have a resistance at the RSI on the line of 59.30.
If the market crosses the trendline with force, we can potentially go long if there is a pull-back.
But if the price breaks and reenters there, you have to take a step back and observe later.
CAC40 - Daily - Possible Short OpportunityHello Traders,
This graph shows the CAC40 on a daily timeframe.
The graph shows the convergence between actual downtrend resistance and EMA100. It shows also a level of resistance on the RSI indicator.
Impact points on resistances and EMA100 are shown by golden dots.
The CAC might go a bit higher but shall reverse downtrend
Do not hesitate to comment it is my first posting 😊
Regards,
Elliot Wave and Fib Grid on French 40I believe the French 40 is still in a sub wave 4 correction, it should retrace more, before making a final correction down to 61.8 extension. It should then head back up to make its final wave 5!
FR40 27th JUNE 2022Faced with challenges such as increasing material and energy costs, industrial companies in Europe continue to struggle with restricted revenues and operational challenges.
Market sentiment shifted to a more negative setting amid fears over surging inflation and slowing economic growth.
CAC 40 INDEXCAC40 CAC40TVC
Hello again my dears.
Welcome to my first analysis in this market.
As it exposed, the Gold rised, but after that it knowed a decline. Prepare yourself to buy, but not now, you schould waite because il is exposed that the gold is going to know a decline until to 6533, and after that it is going to rise.
Scenarios for CAC 40 (Euronext)CAC40 has been ranging between 2500-7000 points since more than 20 years.
We can see the impact of previous big crises on its evolution and prevented it to go break the 7000 threshold.
I think that CAC40 is now at a turning point. Does it continue to go up to test 7000 again or fall down?
It is quite difficult to have a long-term prediction, specially in this context where the economical/geopolitical instabilities dominate.
In my opinion, CAC40 still have good chance to reach 7000 point again in short-term. As what happened in the past, CAC40 followed two ascending trendlines and broke down at the sixth time retesting these trendlines. We can see the pattern are being repeated and CAC40 touched the trendline 4 times. The next (5th) retest will predict a new price structure.
For mid & long terms, three scenarios (A, B, C) would happens (see the below snapshot).
FRA40 (Do you Trade this pair?)Sent this trade to our academy yesterday and we already closed some profits. i am very new when it comes to sharing ideas here. i will like to help some of you only if you want. i am not here to compete about who is the best and who is not. i am not in that league.
Anytime we enter a trade nobody knows the outcome. if you make money cool if you don't no emotions needed. so if you decide to follow me follow me because you are looking something real not something fast or hype.