Trade idea: Pause before Rise. The technical configurations favour a rise on the market after an initial pause to buying levels.
Details: The market is upside oriented today. However, before we expect an acceleration to the upside, the market will shape an intermediate setback. We advise to play this bullish strategy when the market approaches the initial setback level at 3132, and as long as the market does not go below 3065. Once we see the buying level at 3132, we then anticipate a direct rise to 3317. Buy close to 3132 to play a rise to 3317. The invalidation level of this trade idea is at 3065.
Buy CAC40.I
Entry: 3,132.00
Target: 3,317.00
Stop loss: 3,065.00
Details: The market is upside oriented today. However, before we expect an acceleration to the upside, the market will shape an intermediate setback. We advise to play this bullish strategy when the market approaches the initial setback level at 3132, and as long as the market does not go below 3065. Once we see the buying level at 3132, we then anticipate a direct rise to 3317. Buy close to 3132 to play a rise to 3317. The invalidation level of this trade idea is at 3065.
Buy CAC40.I
Entry: 3,132.00
Target: 3,317.00
Stop loss: 3,065.00
