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Asxlong

ASX approaching resistance, potential drop! ASX is approaching our first resistance at 6226.6 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6146.0 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:AU200AUDShort
by Tickmill
ASX approaching support, potential bounce! EURCAD is approaching our first support at 6102.4 (horizontal overlap support, 23.6% fibonacci retracement) where a strong bounce to our major resistance at 6226.6 (horizontal swing high resistance, 61.8% fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:AU200AUDLong
by Tickmill
ASX approaching support, potential bounce! ASX is approaching our first support at 5807 (61.8% fibonacci extension, 23.6% fibonacci retracement, horizontal pullback support) and a strong bounce might occur below this level pushing price up to our major resistance at 5928(61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill
ASX approaching resistance, potential drop! ASX is approaching our first resistance at 5838 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 5601 (50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDShort
by Tickmill
SHORT ASX approaching resistance, potential drop!ASX is approaching our first resistance at 5788 (100% fibonacci extension , 50% fibonacci retracement , horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 5389 (100% fibonacci extension , 76.4% fibonacci retracement , horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDShort
by Tickmill
ASX approaching resistance, potential drop!ASX is approaching our first resistance at 5788 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 5389 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
OANDA:AU200AUDShort
by Tickmill
ASX approaching support, potential bounce! ASX is approaching our first support at 5314 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 5695 (100% fibonacci extension, 38.2% fibonacci retracement, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:AU200AUDLong
by Tickmill
ASX approaching support, potential bounce! ASX is approaching our first support at 5516 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension , 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill
ASX approaching support, potential bounce! ASX is approaching our first support at 5520 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill
$GMG swing trade set-up, buy at 10.35-10.45Heres my set-up for today's entry purchase 1500 units $GMG Goodmam Group on the ASX. Price action shows a consistently strong bullish trend, previous diagonal support and resistance have held, and I'm going off the .786 fib and price oversold. Probability yes, for sure as TA stacks up. However as we all know, possibility is this could go against us. Risk management is key with stop losses in. Targets set and its now a waiting game. NOT financial advice.
ASX:GMGLong
by tradingwithanthony
1
ASX approaching support, potential bounce!ASX is approaching our first support at 5546 (61.8% fibonacci extension , 50% fibonacci retracement , Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension , 50% fibonacci retracement , Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
OANDA:AU200AUDLong
by FlowState
ASX approaching support, potential bounce! ASX is approaching our first support at 5546 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:AU200AUDLong
by Tickmill