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AUS200

EURAUD: Multiple timeframe analysis suggests rallyThis is an update to my previous EURAUD chart, I was waiting for a long entry and it just presented itself to me. We have an hourly impulse forming, looks like a 5 wave advance, which could be the first of a new bullish cycle. The daily chart shows a strong mode has been formed and price is about to move above it, after producing a series of strong moves up followed by weak and grinding corrections. This looks like a potentially explosive long trade, with the weekly timeframe hinting at the possibility of a larger uptrend as well. I'll enter long and manage the position, trying to scale in on every chance I get. The initial target is the projection of the point of balance off the lows to the mode of the current distribution curve (a time spent at price profile of recent price action, as per Tim West's technique). A hefty move, considering this is only a very speculative projection, price can always end up trending and moving faster and in wider intervals. We'll see in due time, for now, looking to get long off lower timeframe signals, speculating that the larger timeframe ones will be confirmed with me already in an advantageous position. Cheers, Ivan.
Long
by IvanLabrie
12
AUDUSD: Neutral but potentially due for a long tradeWe have interesting evidence, suggesting AUDUSD might be ready for a reversal from this level. The selloff has been intense, but price only completed a 0.786 retracement of the advance, which matches the daily mode that originated said uptrend. The downtrend generated a 4 bar target that has reached and exceeded the projected level, and is flashing a buy signal after doing so right on time, sending price back to a support area. Similarly to EURUSD, I'm changing my bias to cautiously bullish here, and will look for an entry long tomorrow before NY opens, based on tonight's developments. An early small position could be entered here but I'd rather take a confirmed setup off the 1h/4h and daily charts instead. Good luck! Ivan.
by IvanLabrie
23
WHY ARE PEOPLE SCARED? SPX500 AUS200 FRA40 GER30 UK100 JPN225I present you 6 stocks with the same pattern action. SPX500 AUS200 FRA40 GER30 UK100 FX:JPN225 Contrary to popular belief, I don't see any preference of expecting stocks to crash. I just see scared investors because prices touched the support levels, so everyone is panicking about it. This also happened last year on October, many people panicking that it was going to crash but it was just a correction. Bubbles don't end until proven exploded. Why? Because the major support level just bounced. Look at the symmetrical support and resistance lines, they haven't been broken in all stocks. They all bounced. I am not saying it will go up or down. I am just trying to clarify that the trend still continues, although it can be an excellent opportunity to buy while this hasn't been broken. Just don't let your emotions kick in. As always, keep it safe.
FX:SPX500
by Wolf
7
AUS200: Aussie stocks about to correct or what patience meansIf you see the "Aussie map", linked below, gives a more rounded picture of the local market at the time being. Stocks are currently in confluence area that gives the shorts better probabilities for a possible correction. Momentum divergence can been seen from miles away and a closing below the up trending arc line will have the sound of a bottle opened, supported by playing loud some really old classics classics like iNXS "Original Sin", "Under the milky way tonight" by Church, some Triffids and Jenny Morris. Cave &Bad Seeds, AC/DC's and local beloved cult hero Jimmy Barnes will fade the night away. God bless and cheers P. p.s. "No Pussy Blues "by Grinderman is dedicated to the stops above 1,272 www.youtube.com
FX:AUS200
by pantheo