AUS200 Breakout or Fakeout? I Say Breakout – Here's Why🔍 Technical Overview:
After monitoring the recent movement in AUS200, I believe we are in the early phase of a bullish breakout continuation rather than a fakeout.
Uptrend Structure: Price has been consistently respecting higher lows and trending above the green trendline.
Break of Descending Resistance: The downtrend line has now been pierced with momentum candles — a bullish sign.
Buy Condition Set:
Next 1-hour/s candle should close above the intersection (highlighted zone).
Candle should be green, and preferably no wick on the top (indicating strength).
Volume analysis to be considered on confirmation.
✅ Trade Plan:
Buy Zone marked.
Stop Loss Zone clearly defined – I plan to exit the trade if price closes back below the shaded red/gray zone.
Upside Potential: Initial target around 8,820–8,840, with extension toward 8,900+ if momentum sustains.
Risk/Reward ratio looks favorable based on current structure.
📰 Fundamentals:
I have not yet identified any bearish macro or news catalyst that contradicts the current technical picture. If you know of any relevant developments (e.g., RBA policy, earnings, CPI releases), feel free to comment.
🔄 Validation Request:
Would love the community’s take:
Do you see this as a valid breakout?
Any hidden divergence or bearish signals I might have missed?
Let me know if you're tracking the same structure or see something different.
