The CAC as you can see did almost nothing during the session on Friday after gapping higher, essentially going back and forth and staying exactly where we
The CAC as you can see did almost nothing during the session on Friday after gapping higher, essentially going back and forth and staying exactly where we opened. The candle suggests that the €4250 region will in fact be supportive, and with that any supportive candle will be bought by us. In the meantime though, we will have to sit on the sidelines in order to try to find some type of trade to the upside, but at this point in time we don’t have anything going on that suggests that the market is one that should be bought.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
