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Australia 200, DailyAustralia 200, DailyAustralia 200, Daily

Australia 200, Daily

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AUS trade ideas

AUS200 - Bullish Trend on Daily time FrameAUS200 - Bullish Trend on Daily time Frame Analyzing previous data, one can see that after making HH, trend retraces to Fib 0.38 always and Fib 0.5 most of the time and Fib 0.61 occasionally. Moreover, bullish trend continues for 10 to 12 days and then re-traces for 3 to 5 days. And then again it resumes its upward trend. Therefore, two types of trades can be taken:- 1. Long Trade while it is in uptrend, 2. Short trade while it is retracing. Since here we are talking on Daily time frame, therefore, one can take trades comfortably.
CAPITALCOM:AU200
by Golden_Spur
indices looks hot these days The inverse head and shoulders chart pattern is a bullish chart formation that signals a potential reversal of a downtrend. It is the opposite of the head and shoulders chart pattern, which is a bearish formation.2 The inverse head and shoulders chart pattern consists of three (3) troughs: the first and third troughs are roughly equal in depth and are known as "shoulders", while the second trough is deeper and is called the "head". A Description of the Inverse Head and Shoulders Chart Pattern This chart pattern formation is commonly used in technical analysis to predict the reversal of a downtrend. It is a bullish signal that is essentially the reverse of the regular head and shoulders chart pattern, which is a bearish indicator. The structure of the inverse head and shoulders chart pattern is described as follows: Left Shoulder: After a downtrend, the price of the respective asset makes a low and then rallies to a higher point, forming the left shoulder. Head: Following the formation of the left shoulder, the price declines to a point lower than the left shoulder and then rallies again, forming the head. Right Shoulder: Finally, the price declines again but not as low as the previous decline or the head, and then rallies one more time, forming the right shoulder. The right shoulder is typically roughly equal in depth to the left shoulder. Neckline: A trendline is drawn connecting the high points (or "peaks") after the formation of each shoulder and the head. This line serves as a level of resistance that the price must break through to confirm the pattern. The Theory is taken From the below link www.investopedia.com but Stops below 6935 on DCB and target 7900 looks achievable on 1D timeframe, which is 1:3 RR. please do your own study. All the best. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
OANDA:AU200AUDLong
by Anany_shringi
AUS200 Weekly Idea 4.1.24Always keeping it simple with Multi-Time Frame Highs and Lows, IB's and OB's. (previous sell levels still marked) High Level Overview AUS200 Overall Bullish and is at it's highest high. Monthly RSI is looking seeking to purchase higher, although, we are due for a pullback on the lower timeframe. Break of structure could lead to a test of levels 7216-7507-7341-7164-6972 to key level at 6849. If we break lower to 6400 we can expect a change of trend.
OANDA:AU200AUD
by MsLionhill
1
ASX200 to find sellers at market price?AU200AUD - 24h expiry The correction higher is assessed as being complete. We expect a reversal in this move. Risk//Reward would be good to call a sell from current levels. A move through 7725 will confirm the bearish momentum. The measured move target is 7625. We look to Sell at 7750 (stop at 7790) Our profit targets will be 7650 and 7625 Resistance: 7750 / 7775 / 7800 Support: 7700 / 7675 / 7625 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDShort
by OANDA
ASX200 - Breakout! Target 10800After the v-shaped recovery from the COVID-19 pandemic, we have seen a rally to the 7650 handle, where the market went sideways for the later 100-plus weeks. The accumulation stage is about to end as the 7650 resistance price was finally broken. The RSI is above 4o and moving above 60, which indicates bull market conditions. The composite index has shown a bullish divergence with price, also found in RSI. The Gann time count of 144 weeks from the prior high, is almost complete and should align will the Gann boxes count of 1 complete Octave. Furthermore, the 144-week bullish wedge formation forming in the chart. A calculation of a possible target is 10,000 points, using Fibonacci extensions, but more likely 10800 using Gann box techniques.
EIGHTCAP:ASX200Long
by TRADER-RI
AU200 remains mixed and volatile.ASX200 - 24h expiry Pivot resistance is at 7680. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 7625 will confirm the bearish momentum. The measured move target is 7550. We look to Sell at 7650 (stop at 7686) Our profit targets will be 7560 and 7540 Resistance: 7650 / 7675 / 7700 Support: 7600 / 7565 / 7550 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDShort
by OANDA
ASXAUD Australia 200 Bearish Opportunity - SMC FVG Order BlockASXAUD Australia 200 (ASX 200) Bearish Trade Setup - Potential Reversal at SMC FVG Order Block 🔍 Technical Analysis: The ASX 200 is approaching a critical zone on the chart known as the SMC (Smart Money Concept) FVG (Fresh Virginal Ground) Order Block. Historical price action suggests that this area has served as a strong resistance level in the past. Key technical indicators may be signaling potential bearish momentum. 📊 Trade Plan: Entry Point: Consider initiating a bearish position upon a clear rejection or bearish candlestick pattern within the SMC FVG Order Block. Stop Loss: Place a stop loss above the recent swing high to manage risk effectively. Take Profit: Target potential support levels or previous swing lows as profit objectives. 🚨 Risk Management: Implement proper risk management strategies, risking only a small percentage of your trading capital on this trade. Stay informed about economic events that might impact the ASX 200 and adjust your position accordingly. 📈 Disclaimer: This is not financial advice. Trading involves risk, and it's essential to conduct your own analysis. Trade responsibly, using only the capital you can afford to lose. Set stop-loss orders and manage risk diligently. 👉 Note: Regularly monitor the charts for real-time price action and adjust your strategy based on market conditions. Happy Trading! 🌐💹
EASYMARKETS:ASXAUDShort
by MAAwan