FRA40 - Approching after 21 YearsFrance 40 Index approaching it's old all time high score, but this time economy also bad with high inflation while COVID is back again in Delta shape.
The only wise decision to wait with cash or trim the positions.
FRA40FT trade ideas
Gartley Pattern Trading Strategy
Gartley patterns are harmonic chart patterns based on Fibonacci numbers.
The first stop-loss point is often positioned at Point X and the take-profit is often set at point Fibonacci retracement numbers.
I normally open 3 small positions or a big position and close partially at 0.618, 0.5 and 0.382 Fibonacci numbers.
FRA40Cash (Daily) Bearish ReversalHi Traders
FRA40Cash (Daily Timeframe)
Waiting for the downward break of 6340 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 6577 would cancel the bearish scenario.
Trade details
Entry: 6340
Stop loss: 6577
Take profit 1: 6216
Take profit 2: 5993
Take profit 3: 5630
Score: 5
Strategy: Bearish Reversal
CAC 40 Weekly ChartHallo traders,
This weekly chart shows CAC40 in move.
Seems the index broke above the resistance line, the RSI is little over-bought, but i can't see any sign of weakness.
I'm looking for shorting opportunity here.
Your comments are very welcome.
Samy
Bonjour France 40/CAC40! Long trade idea with take profit levelsHello traders!
A Fundamentally and technically backed up trading decision is presented on the above chart.
Trade management is crucial in trading success.
Take profit levels are labelled green.
Have a great day!
FRA40 BREAKOUT ON NEGATIVE SENTIMENT MAY BE REJECTEDWe saw CAC40 index breakout last day of the trading week, however on a negative sentiments with relatively low volume. This could lead to price rejection. IF PRICE IS REJECTED, the index could be heading towards its mean value.
Higher timeframe sentiments remains bullish.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
FR40EUR, Long We at a support areaSmall hour time frames must have head and shoulders at support area to confirm the Buy. Good Luck
CAC40 6275.52 + 0.28 % LONG IDEA * BREAKOUT & STRUCTURE HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE CAC 40 INDEX.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
CAC40 Forecast
It looks bullish towards 6427.986 for the France Index.
.
Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
BULLISH MOMENTUMThis is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry . This is my opinion, not for any signal service. Good luck.
Short term consolidationI expect the French CAC40 index to consolidate to 5850pts following the recent rally that has brought the RSI in the overbought territory and has enabled the closing of the Gap at 5995. Further more the index has reached the resistance level of the inner ascending channel that has rejected it several times in the past.
Let me know what you think of this idea in comments.
