Short France40 Index

30 thg 10, 2019

I expected today that the French index will go through correction after overextended buy, but seems like, this buying frenzy hasnt stopped .

Which brings me to a good trading idea, to short this double top formation and wait for it to reach its bottom 0.681 fibo retracement after overbought levels.

Open Short FRA40 5756

Tp1 5700

Tp2 5650

Tp3 5600

Tp4 5500