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AU200AUD trade ideas

XJO aka ASX200 closing with a bearish signal 🚨👹👿🚨ASX200 closes the week below the uptrend line. Is this going to be the end of the bull market as we know it and be the the start of a long waited bear market? Lets dig deep and analyze. XJO aka ASX200 has been struggling for the last few days to maintain the upward momentum. However, the chart shows a weak and tired bullish actions. But what are the indicators saying? Lets compare bulls and bears case. Bulls: Daily and weekly Momentum positives Price above 50MA Bears: Price below 200MA Price below historic resistance at 5960 Price below the uptrend line QLSMA pointing down Price below Golden fib To me bears are back in action. In order to keep the bullish sentiment, bulls need to take back the lost uptrend line and push quickly towards the 0.618 fib. This will make the recent days price actions like a pennant and the upward move can lead to higher price towards the 7k. I will keep an eye on this index for you so that you do not miss any single price action. Stay safe and have a great weekend. Dont miss my stock of the week episode in Sunday. And keep smashing the likes.
ASX:XJO
by xtf_ze_trader
ASX 200 Index support and resistance price chart analysisThe Index spends the end of last week and early this week attempting to break out at the major resistance level at 6065.00 but failed. In yesterday's session, we saw the Index fell to the critical support level at 5919.70 but managed to hold and closed the trading session above this significant point. Today's opening trades, we saw the Index bounced off at 5919.70 and headed towards 5976.20 at the time of writing. The Index could continue to retest the major resistance at 6065.00 if it holds 5976.20 Major critical price points to watch are estimated at 6065.00 resistance and 5919.70 support.
ASX:XJO
by Rotuma
AU200Welcome to this analysis on AU200. Australian stocks have been in a bullish trend since March. Looking at the 12HR chart, It looks like it just broke out of a month-long symmetrical triangle consolidation which should act as a continuation pattern in this case. The target of the pattern is around 6380$ as long as the price holds above the support of the pattern. There is a long term horizontal resistance and an Order Block around the target zone in the 6300$ to 6400$ which has confluence with the patterns target. The price can get to those levels as long as it stays above 5900$. This trade idea has 4.5 Rewards to the Risk ratio. Good luck trading.
OANDA:AU200AUDLong
by Trader_Shayan
4
Stock of the week: ASX:XJO aka ASX200Today`s stock of the week episode will explore index ASX:XJO. I chose not to analyse one single stock cause my last post about XJO, I had informed you that I will keep you posted if anything price-action wise changes. Things have quickly escalated that is why I am going to analyse this index for you. Lets analyze. The ASX200 has been on the uptrend since the early March 2020. The bulls have been on fire chasing bears all the way from the abyss to the 0.618fib(6128$). But the bears were back in the game since the 0.618fib did not break and they want to play it hard and kick the bulls` butts. Below is the technical analysis and what we can deduce from it. - Recent retries by the bulls got stopped out by the 5969 resistance line. you can see 3 indecision candles that started a warning sign showing that bulls dint have enough juice. - The LSMA looks downward which is not a good sign for bulls - The daily velocity turned negative - The bulls are still in good shape cause the uptrend line is not broken yet. Below is what I think would happen if the critical point( confluence uptrend line and 0.5fib) on the chart is broken: - my first target will be the 50 SMA (around 5600$) where a bounce back can be anticipated - if first target broken second target is range 5460 to 5500 where ascending triangle broke to the upside and where the 0.382 fib is located. At the moment, I am not bearish yet but if the uptrend line breaks and bulls dont reclaim it quickly. I may start closing most of my long positions held since late March and wait for clear opportunities before entering the market again. I will keep you updated if anything changes all along next week. keep smashing the likes and have profitable trades next week. XTF
ASX:XJOLong
by xtf_ze_trader
1
Trade Idea on AU200 (ASX) by ThinkingAntsOkMain items we can see on the chart a) The price is on an ascending Wedge b) Currently, we can observe a clear corrective Structure (Yellow lines) c) The next resistance zone we have is a weekly one (light blue rectangle) d) Based on the technical elements we have our conclusion is: If the price breaks above the corrective Structure, that will give us a high-quality scenario for long trades towards the next resistance zone e) The Risk-Reward Ratio of this trade is 1 : 2 f) We will move our stop to break even at 6200.00 WEEKLY CHART: (Understanding why we choose that target)
OANDA:AU200AUD
by ThinkingAntsOk
1