HELLO GUYS THIS MY IDEA 💡ABOUT AU200 is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the Seller from this area will be defend this SHORT position.. and when the price come back to this area, strong SELLER will be push down the market again.. DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
ASX200 - Intraday - We look to Buy at 6785 (stop at 6715) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Buying at market offers good risk to reward ratio. Preferred trade is to buy on dips. Our profit targets will be 6980 and 7020 Resistance: 7020 / 7160 /...
So far AU200 did not show divergence neither on 4h nor daily timeframe, therefore probability of continuation of the downtrend is pretty high. A pretty nice triangle (i.e. must be 4th sub-wave in a motive wave) has been building from mid June and looks complete by that moment. Probably would be wise to wait for confirmation in a form of a break-out of a bottom of...
We still expecting price to fall to the downside untill the lower ranger is manipulated then we can now start expecting price to rise with the aim to make a new higher high
AU200 has reached .382 from th large swing. It looks oversold and has also reached a 1.272 ext and a 2 from previous swings. The target would be the .382 of the last swing lower. We can look for some buying that may be the beginning of a short reversal. There's not enough buying just yet but we should keep an eye on this.....
Australian shares are expected to start the day lower tracking overnight losses on Wall Street. Energy crisis statement just released. Queensland businesses are calling for a state government rebate to offset surging power bills. AU200 H4 Breakout
Let's begin with the monthly - we can see the market has aggressively rejected the top of trend line after creating new all-time high at 7600 zone. The Strong support is down at 6800 zone - previous all time high. The monthly suggests we may see more selling.
AU200 has made the top of 7650 and recently retest it, making double top pattern. Double Top usually considered as a bearish sign and the said instrument shift its trend from bullish to bearish. Currently AU200 is likely to be in distribution phase and its base support lie on 7130. If this horizontal level is taken out, bears will be active in it and the...
I lately published a SPDR500 short idea as interest rates and inflation are both on the rise in the US. There is currently a knock on effect in global markets, and this textbook technical short trade exemplifies it.
AU 200 has just completed an expanding triangle at the 5 count. We are also at support and we can see failures to make new lows. We should look to go long here. If we aim for the 1.272 our target would be at the 7789 mark, there will be bumps along the way!
AU200 managed to reject the 50 percent very nicely. Structure remains bullish. As long as price does not break the level marked with the rectangle and closes below, the structure will remain bullish and long opportunities could be taken.
No clear direction yet for the Au200 although Higher time frame trend remains bullish but price is trapped into a consolidation phase. Needs to break to either side in order for a possible trade opportunity to be given.
AU200 has just completed a 5 count reversal on the daily. Market has just taken out all new stops in June/July. This is an indication to go Long First target would be in the top third of the box Thank you
Any form of support is greatly appreciated and helps motivate to publish more ideas for the community. OANDA:AU200AUD Important Price: 7040.6 We want to see price move away from this, confirming our move down to 7005.5 . After we see this move happen, purely from a price action perspective we're able to determine a further sell off or SHORT. What do we...
Taking a look at the Australian 200 Index, we have seen a good potential short term trading opportunity for a Sell. As you can see from the 15 Minute chart we were watching to see what price did if it reached the 6000.0 level as this could potentially show a rejection here because its a psychological level in general. This alone is not going to present a high...