200AUD (Index) Longs
Updated
Most major markets have been breaking All-Time-Highs.
Momentum is still strongly bullish.
Currently in a Bullish Outbreak, occurring after two same-sized retracements (represented by congruent grey rectangles).
No indication of reversal, expecting price to continue hitting new highs.
Preparing for Long positions after appropriate candlestick close.
Keep an eye out for signs of bearish reversal.
Invalidation point placed before the opening gap (red dashed line).
Aggressively add to position if in profit, once price has found support.
Avoid adding to position if negative.
Momentum is still strongly bullish.
Currently in a Bullish Outbreak, occurring after two same-sized retracements (represented by congruent grey rectangles).
No indication of reversal, expecting price to continue hitting new highs.
Preparing for Long positions after appropriate candlestick close.
Keep an eye out for signs of bearish reversal.
Invalidation point placed before the opening gap (red dashed line).
Aggressively add to position if in profit, once price has found support.
Avoid adding to position if negative.
Note
So far so good.Note
Adding stop loss to 7571 in case of reversal.
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