What is happening here? What is giving us clues here?
Let's chat further about this in the network.
Cheers and trade safe
Dale
AUS200 trade ideas
Where to from here for the ASX200Is the pullback today the start of something more sinister or just another flush lower to clear out some of the weak hands before having a run on new highs. We can see that the momentum is fading as we run up into previous highs but we have seen this action prior to making new all time highs that start of last year. For now, the 6585 area is key to hold to support the bulls. We will see in the follow few sessions whether the market is flushing lows prior to a run at highs or whether there is more downside to come.
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AUS200, sellHow to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!
Australia [ASX 200] - 2021 weekly chartPurple = weekly
Blue = Monthly
Orange = Daily
Hello Traders and Analysts,
The following analysis will be in depth to explain the out look of the Index and
Based on what merit?
Being a commodity based currency we need to analyse the US and commodities as Australia a produce of raw materials.
The Australian economy is commodity based but also well suited to self-sufficiency in some aspects from raw material production, construction but relies on Tourism and exports to keep the Aussie afloat.
With the ASX correlated with the S&P500 - we expect the ASX to over extend the Fibonacci targets to the upside into 2021 upon the global recovery.
XAG
We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00.
Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of the reluctance for the demand of the Commodities . However, this produced a demand zone to hold from so we have a buying opportunity.
This imbalance was created in which created the impulse. Price re-established itself now between $22-27 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed.
The long term wider chart is available below;
XAU
Daily longs are still in play after
Weekly longs
Monthly long
Retrace is occurring on the weekly time frame - but can this be building up
Fibonacci level aligns of 50% around 1939 and 61.8% at 1907.00 USD.
This retracement zone will show a great long identification
Retrace needed to to confirm liquidity from the strong demand.
Current market at play for XAU USD
S&P500
from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure. Where price had a low of 2182, this significant point to me, showed the imbalance between the previous Fibonacci extension points 1.786, 1.618. This was essentially fulfilling the swing high and creating a swing low.
Refer back to 2007-08 on the chart to see the imbalances - where; the blue Ellipse - shows the 2008 rally distribution beginning to take effect.
The Red Ellipse - shows the pivotal 1.7186, 1.618 full retracement zones - where the "china trade war" and "coronavirus" fundamentals took place for the index to fall back in line.
The current bullish momentum will be created from the stimulus coming further into 2021, presidential change and USD index or DXY being suppressed. This projection offers the rate of debt the debt market cycle has not been reacting negatively yet with yields still intact and further debt creation to refinance debt obligations .
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
If you like our work, please leave a like or comment.
Many thanks,
Team LVPA.
Australia [ASX 200] - 2021 outlookPurple = weekly
Blue = Monthly
Orange = Daily
Hello Traders and Analysts,
The following analysis will be in depth to explain the out look of the Index and
Based on what merit?
Being a commodity based currency we need to analyse the US and commodities as Australia a produce of raw materials.
The Australian economy is commodity based but also well suited to self-sufficiency in some aspects from raw material production, construction but relies on Tourism and exports to keep the Aussie afloat.
With the ASX correlated with the S&P500 - we expect the ASX to over extend the Fibonacci targets to the upside into 2021 upon the global recovery.
XAG
We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00.
Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of the reluctance for the demand of the Commodities . However, this produced a demand zone to hold from so we have a buying opportunity.
This imbalance was created in which created the impulse. Price re-established itself now between $22-27 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed.
The long term wider chart is available below;
XAU
Daily longs are still in play after
Weekly longs
Monthly long
Retrace is occurring on the weekly time frame - but can this be building up
Fibonacci level aligns of 50% around 1939 and 61.8% at 1907.00 USD.
This retracement zone will show a great long identification
Retrace needed to to confirm liquidity from the strong demand.
Current market at play for XAU USD
S&P500
from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure. Where price had a low of 2182, this significant point to me, showed the imbalance between the previous Fibonacci extension points 1.786, 1.618. This was essentially fulfilling the swing high and creating a swing low.
Refer back to 2007-08 on the chart to see the imbalances - where; the blue Ellipse - shows the 2008 rally distribution beginning to take effect.
The Red Ellipse - shows the pivotal 1.7186, 1.618 full retracement zones - where the "china trade war" and "coronavirus" fundamentals took place for the index to fall back in line.
The current bullish momentum will be created from the stimulus coming further into 2021, presidential change and USD index or DXY being suppressed. This projection offers the rate of debt the debt market cycle has not been reacting negatively yet with yields still intact and further debt creation to refinance debt obligations .
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
If you like our work, please leave a like or comment.
Many thanks,
Team LVPA.
Bearish on XJOWhile noting a flatline on the candlesticks with a dropping momentum, we are inclined to believe that the Aussie fund will drop down. Currently we are looking at 65k, 64k, 63k projected levels. Fractally, it looks we are just due for a bit of a pullback anyway. Fractal analysis is not just a science, but a whole artform as well.
ASX - Wave Revision - Wave E In ProgressUnlike the Dow Jones it appears that the ASX has seen the end of Wave D.
We are dealing with an ending diagonal Wave E.
We have already seen Wave i and it appears Wave ii is almost complete.
Resistance is 6775 so this would be a good stop level.
I am shorting this from the highs until I see a completed Wave iii Zig-Zag to the downside.
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Buy AUS200Buy AUS200. There is a trend reveal to the upside because it created a higher high and a higher low. Stop loss 6617.96, take profit 6708.52
AUS200 - ASX - Long Trade Idea - Wave 5See related idea below to understand what we are trading and why.
We are targeting all time highs.
Entry: 6681.73
Stop: 6623.45
Target: 7200.00
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AU200AUD SHORT TRADE SETUP Possible Daily Head & ShouldersPossible head and shoulders on daily chart
All information given on chart. Please don't forget to like and follow for more setups.
Thank you and good luck
You can watch video as well for a better explanation
ASX - Australian Stock Exchange - The Final Wave Is In ProgressIt is the clear that this final move in the ASX is an Expanded Type-2 Zig-Zag Wave v.
I have linked the bigger picture below in related ideas.
White Wave 4 ended at 6,644 and is critical support for a long trade.
White Wave 5 will likely terminate at the highs marked in the green area.
White Wave 5 must make one final all-time-high in order to complete the move.
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AU200AUD SHORT TRADE SETUP All information given on chart. Please don't forget to like and follow for more setups.
Thank you and good luck
Previous Video where I called out this setup
Au200AUD UPDATE the short brought in a few pip for profits. But this long Position is way more worth it. Hope everyone seen the switch up. Happy Trading day!
The Aussies: Mind the Wedges!I show what happened after two wedge formations. Note carefully wedges do not rule the market. The create probabilities not predictions. Wedges do fail.
There is hardly ever a perfect wedge pattern. The most recent one doesn't look too great. Price can fall out of a wedge and rock back in as you will see. Therefore trendlines drawn have to be estimates.
From experience only, recovery from the base of wedges - when the happen tend to get closer to the notional apex of the wedge or exceed them. As I said, there is no rule - because these formations do not rule the markets.
Wedges often don't work. These descending wedges shown are in a bull market, hence the expectation is for price to recover. This market could be collapsing when looked at from a higher time frame. Therefore, I do not expect a good retracement up on the most recent wedge. But I'm always happy to be surprised. My strategy here, is to follow a 5 to 10 min trend up as far as it will go. That means, no targets.
I am aware of much that has been written about wedges out there by many a guru. I do my own thing with these formations. I also know that wedges go by different names. Call it what you want - the important issue is the general shape. I am not a wedge expert.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Might Break the UptrendI feel like this beauty will break its UpTrend soon. If it slices through My charted zone, after the retest, im entering for shorts
AU200 Short and Long UpdateAll information given on chart. Please don't forget to like and follow for more setups.
Thank you and good luck
AUS200: SHORT Fibo RetracementWe can see on the daily chart that the RSI is above the 70 level and the minors charts are also going back below the 70 level showing it´s losing strenght to keep going higher. If we draw the fibo retracement it might have a retracement until the support line in yellow. I´m not gonna wait until the support because it´s below the 50% retracement level, so my take profit will be at 6300 level. Good lucky folks!
XJO Bullish Set-upXJO on the rise.
Bias 7388.0
Theoretical SL 6496.2
Tp 7064.2
K.
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
$AUS200 is in the perfect bounce zone$AUS200 is getting ready for a new swing higher possibly within few days to target 7400 upside channel resistance.
