Top distribution on the Cac I see a distribution here,
Am short several days ago
Im holding it and adding more to build a good position
I hope market will vive le reason
FR40 trade ideas
FR40 (CAC) - Intraday LongWe think the market could bounce from the support trendline, but have also a conservative target. This is aggressive set-up without confirmation.
CAC LongThe French index is now retesting its previous highs and if this support is hold, we could see the continuation of the current rally. Thus, we would like to go long at a bit higher prices and we are targeting the current all-time highs on the index.
Short the next bull attemptIndicator readings:
- Volume is in favour of bear
- RSI Libre short period indicator floating low for considerable period
- Attempts to break resistance is weaker by the day
FRA 40 EUR approaching to the Historical High Level!!!The price approaching the Historical High Level 6191.8.
We can open Sell after the false breakout.
Potential profit will be in 3...5 times bigger than risk.
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@CAC40@CAC40
On peut observer que lorsque l'on arrive à un top potentiel ou proche, un chandelier en Pendu (ou marteau au top) est signe d'un top qui se forme ou qui est proche.
Ce graphique est mensuel, ca peut prendre du temps.
Cela montre que les acheteurs n'ont plus de "jus" pour faire monter les prix, un bas est acheté mais sans conviction
....il en résulte une chute
"ceci n'est pas un conseil d'investissement"
ShortThe CAC 40 is going down today after reaching all time high weeks ago the question is how far this correction can go or we will move to a bear market but for now this is just a little correction
my strategy is to short if we close below 5850 and target 5700 then 5650 but becarful a positive tweet about trade war could give the market a boost so short at 5840-30 to target 5700 with a stop loss at 5860
CAC40 Index: Fibonacci Level Combined With SupplyThe price creates a fresh supply above which also 0.236 Fibonacci level of the last drop in the price.
It is a great level to sell CAC40 Index on the first touch,
The first target will be demand - 1 and the final target is demand - 2.
