AUDCADHello everyone, we have bearish pattern on this pair and I have highlighted the targets on the chart.
For any questions leave a comment or DM me.
Good Luck
AUS200
AUS200 XJO D ShortDetail is on the Chart.
This is my view ... not a guarantee.
Remember you are adults so please use your own analysis and processes.
AUS200 - Head and Shoulders Formed - Short SignalSeeing our head and second shoulder hit the 1W Resistance Line indicates a short-term shorting opportunity for the market opening, if we dip below the support/resistance line @ 5668
AUS200 Shorting opportunity This is a good opportunity to Short AUS200
There is a double top after a rally and had broken through the trend on H4.
At the higher time frame D1 and W1, the price is currently at the extreme on a Parallel Channel with the last candle indicating a bearing move.
I am taking 2 different levels of entries:
• First entry would be at Market Price
• Second is a retracement at 5688.
SL above 5725
T1 @ 5500
T2 @ 5380
Sell signal on AUS200 using the Parabolic SAR strategyGoing back to the basics on this trading idea.
Suppose you have an AUS200 long position, it is a good time to sell it now, as shown by the Parabolic SAR indicator.
As for me, I'm taking a short position at the break of last session's low.
Short at 5659.
Stop loss at 5724.7.
Target profit at 5500 (2.44x reward-to-risk ratio).
Good luck!
Black Friday RallyCongratulations to those how made money over the Presidential Election.
Now I will just wait for ThanksGiving and Black Friday, here we should see the market Rally to the magical 5400.
Where is the market going to end by the end of the year:????
5500 or 5624?
A very premature but possible outcome for those down under!I'm not normally one for pointing out patterns before they're close to trigger, but this ASX (XJO, AUS200 whichever you follow) has a beautiful H&S pattern emerging having now made a distinct lower high from the 5600 area. It will be interesting to see how it handles the overhead resistance this week but I'll be watching this like a hawk if we see further downside in this index!
Election timeAfter a quite month on the sideline, all my indicators are pointing to LONG.
Why?
Election is almost finish.
MACD is on a BUY
Stoch is on a BUY
EWA: Australia is a longThe trend is now up, and we have a weekly 'Time at mode' signal pointing to 22.59 as the target.
Risk is a drop under 19.37. You can buy dips, or speculate on copper, or on FXA or AUDUSD as well.
Steel/Iron ore is also looking great, which makes this a sure buy.
Shares of X or STLD would be a nice buy as well.
Good luck,
Ivan Labrie.
AUS200 Bullish Bat pattern completed. Completed Bullish Bat Pattern on the AUS200 Hourly Chart.
List of confluence
Trend line is holding really strong
Double/Tripple bottom shows strong support
Pattern is completed at 886 and quickly bounced.
Hourly Candle shows strong buyers/bull
AUS200 SELL TRADERESISTANCE AREA AT 5674 SHOULD PUSH BACK PRICE FROM THAT LEVEL.
THERE ARE A NUMBER OF PLACES ON THE CART WHERE PRICE WAS RESISTANCE AND BECAME SUPPORT AFTER THAT.
PLACE A SELL LIMIT AT 5674.
STOP LOSS IS 5803.
AUS200 testing Resistance zone, Watch for Bearish Price ActionAUS200 testing strong zone 5430-5462, Watch out for bearish evidence and a potential move to the downside from this major zone.(target 5180).
Happy Trading
Finally some action " LONG"The month of August was a sell off market, and September have dropped Monday all the way to 5150.
But now, with 2 technical analysis confirmation, I am confident in going Long, aiming the 5600.
Things to have in mind during September"
1. SUPER Thrusday 22nd of September, the USD FOMC rate decision, expect a lot of volatility, and secure your positions.
2.Australian's footy finals is on the 1st of October, that means, the market will rally the Friday and the Monday after the finals, (this happens every year)
3. Expect some news from the USA election.
Good luck trading.
