France 40 Triangle - Short PositionFrance 40 - Short Order
Entry: €5,659.6
TP & RR: €5,569.7 (1.7)
Stop Loss: €5,710.8
REASONS FOR THE TRADE
Typically this isn't a trade I would take as the RR is less than 2 and I consider those unfavorable. However, the price may form a lower high and I want to take advantage of the action if that is the case. The SL is placed just above the previous high. If that level gets hit, it would be a clear invalidation of the downtrend idea.
Indicessignals
NASDAQ buy > Going Up > Daily supportWatch strong price action at the current levels for BUY. GOOD LUCK!
NASDAQ on the 4 chart has broken above the daily support
US500 or S&P500 ShortBased on previous moves and normal wave pattern behaviour of charts this is a great moment to short it again.
First take profit at 1 level lower in 2/3 days
Second take profit 2 levels lower in 5/7 days
After that we can go up again.