FRA40 trade ideas
CAC in the black list?CAC I do not trade this but is weird to hear a phone call from an old colleague of a French bank, but indeed this is not a call.
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CAC40 (1M) Bearish CypherI'm looking signs of weakness at two zones. Re-test of the All time High is a real possibility.
Short term sell - wait for a trend breakoutAs you can see today was a strong trading day for the France 40. We saw 5 large consecutive green candles which actually broke out above the regression trend. I think at the moment we can sell this market down to that green line within the regression trend which is where you need to be cautious about another increase. One thing that was surprising was that massive break above that Key Resistance level. I think that this reinforces the idea that this market isn't done increasing which is backed up by the now positive ADX indicating that we still have a strong uptrend. You can also see by the trader sentiments that we are starting to see some sellers forming. If you are thinking about buying into this uptrend make sure we fully clear this resistance line and be aware at the fact that we are now at a 10 year high. If we can fully clear this level I don't see why we can't look for that all time high of 6118.5 which is where I would place the very top of the market.
France 40 - Get Ready To SellAt the moment I think we are nearing the peak of France 40's uptrend. As you can see by the ADX the trend is strong however we can look at the RSI and see that it is currently being overbought, this mixed with the fact that we are at a key point of resistance indicates to me that we are about to see a dive in the price. If we can push through this resistance level then I think the price will grow higher. If it does It will be a 10 year high. If we do continue to rise then the I would see the next key resistance level we need to watch out for is the 5880 level and I would say major resistance the very top of the market would be that 6177 level which we haven't seen in 11 years .
CAC40 on a key resistanceCAC40 is fighting with a the key resistance of the 5500 this ressitance was tested 3 times over the last 2 years but never broken. Probability of a bearish reversal is 60%. Wait for a RSI divergence to confirm the downtrend.
CAC Sell IdeaCAC Sell Idea @Weekly Supply Zone (5458.79 - 5569.93)
Sell Limit: 5458.79
Stop Loss: 5571.93
Take Profit: 5200.00
CAC40 faces a strong resistance at 5540CAC 40 failed to break above 5540 as it is a clearly prevailing resistance Level.
Trade Setup could be established by selling the index here at 5504
TP1 5430 TP2 5365 SL 5580
CAC-40: Break Out Traget 10.000Quote: "France has the world's 7th largest economy by 2017 nominal figures and the 10th largest economy by PPP figures. It has the 2nd largest economy in the European Union after Germany.
The chemical industry is a key sector for France, helping to develop other manufacturing activities and contributing to economic growth. France's tourism industry is a major component of the economy, as France is the most visited destination in the world. Sophia Antipolis is the major technology hub for the economy of France. Paris is ranked as the most elegant city in the world, which propels the agglomeration of the fashion industry. According to the IMF, in 2013, France was the world's 20th country by GDP per capita with $44,099 per inhabitant. In 2013, France was listed on the United Nations's Human Development Index with 0.884 (very high human development) and 25th on the Corruption Perceptions Index. The OECD is headquartered in Paris, the nation's financial capital.
France's economy entered the recession of the late 2000s later and appeared to leave it earlier than most affected economies, only enduring four-quarters of contraction. However, France experienced stagnant growth between 2012 and 2014, with the economy expanding by 0% in 2012, 0.8% in 2013 and 0.2% in 2014, though growth picked up in 2015 with a growth of 0.8% and a growth of 1.1% for 2016, to a growth of 1.9% for 2017 and to later reach 2.1% for 2018, a level of growth last reached in 2011 (2.1%)". Source: en.wikipedia.org
Europes Economy is improving since 2012 even the underlying fundamentals are not perfect. The longterm CAC-40 chart is reflecting a 17 year long consolidation pattern. The upper decade long resistline is broken now to the upside and retested.
The weekly chartpattern is showing strong momentum to the upside. The break to higher stockmarket prices could occur now at any time.
Target for the CAC-40 is at 10.000 until 2022. This is matching the DAX Target of 20 -25 k until 2021/2022.
CAC40 BUYBullish on equities correction should end soon. If not here we will look for entry levels lower. RSI oversold with divergence.
WATCHLIST!!!!!!!!!!! Bullish Gartley on FRA40 (CAC40)Look out for this index to have a reaction around this level.
Market crash is due, the CAC40 is just an exampleLooks like all corrections in all indices are over, and we are going to see a market crash in May-June.
The multi-year bear market started end of January this year, but nobody notices. Watch out for a big sell-off over the next couple of months.
Note that EUR and other currencies should fall together with indices and bonds. Crude should follow too.
CAC40 SHORT!Have we got a possible short here guys?!
Prices could possibly travel all the way down to lows of 5080.0 . I'm waiting for this break and literally stalking our key level at 5240.0 . If of course, prices break to the upside of 5320.0 you could expect prices to wipe out our prior high at 5360.0 and potentially head higher, possibly towards the 5460.0 Region.
TP: 5080.00
FR40EUR It's ok to get it wrong haha. It hasn't happened yetAnalysing fun, Drill down to lower time frames to see a rally- not interested? Ok.
Drill down to a lower time frame such as the 30min, 1hr. Look to sell next high. Of course no action without supporting evidence to
the potential move. The usual patterns will play out. It's a little lower right now than I'd like to sell at. I'm always looking to save some coin LOL.
I like 5240 to sell and 5040 to close the position.
Idea only, not a recommendation. :) I could be wrong.
NEURTAL ON CAC40!Prices could go either way, I'm just waiting for a decisive break.
Prices could respect the chinese hat and eventually fall to the downside target of 4700.0
OR
Prices could pierce straight through the ''V'' or like most of you love to call it the ''Chinese Hat'' and ascend to highs of 5400.0 . Either way I think it's safe to say that we've got a trade on our hands guys, a bullish run to at least the 5200.0 Region.
TP: 5200.0
