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Australia 200 Index

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AUS200 trade ideas

AU200 - SHORT > LONGAny form of support is greatly appreciated and helps motivate to publish more ideas for the community. OANDA:AU200AUD Important Price: 7040.6 We want to see price move away from this, confirming our move down to 7005.5 . After we see this move happen, purely from a price action perspective we're able to determine a further sell off or SHORT. What do we need to keep an eye on? Pay close attention between 7040.6 and 7005.5 as these prices will help us in staying in a short until Target #1 and Target #2. Target #1 6918.8 Target #2 6818.9
OANDA:AU200AUDShort
by UnknownUnicorn21108119
Sell in MAY and go away? ASX 200Looking at this monthly chart the price of the ASX 200 INDEX shows we could have a drop in the market for a few months at least starting in May. The supertrend monthly is down and the price will have to fight at as resistance if it wants to move higher. However historically it has been rejected and a drop lower occurred before it actually climbed over it. I have circled the area of the 2008 crash as the comparison is similar. The drop happened and the climb was fast until it was near the supertrend and it tested it twice before the market went lower. It actually took 5 years before the market was higher. I believe we are in a similar boat now.
ASX:XJOShort
by GlobalTrader_
AUS200: Possible triple topThis one to watch. For new traders its a nice one to try out on a Tradingview paper trading account. The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here. All you can do is take a controlled affordable loss (aka stoploss). This is positional play for finding a trend south on a lower time frame. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. 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.
FX:AUS200
by Captain_Walker
The ASX200 may be on the ropes if it can not push through resThe ASX200 is up at resistance that bulls will be desperate to break through and fend off further selling pressure. The key level for us is 6805 and then up to 6860. If the 685 level holds today then we may see a squeeze of recent buyers and push lower. The question for many now is whether the recent break of the longer term uptrend from March will lead to a deeper correction lower or not. ------------------------------------------------------------- WE TRADE WHAT WE TEACH Check out our recent Live Streams from our profile page!! ------------------------------------------------------------- ** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. ** ** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated ** ** With quality alerts and correct Risk Management, you can learn consistency and grow your account ** ** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
ASX:XJO
by TradeTheStructure
3
The Aussies: Is this another one-candle situation?Well, it is one candle at the leading edge. We cannot know if it means anything until stuff happens. Those who look for predictions that foretell the future are in the wrong game. In trend-following methodologies, one would ride an escalator down or up - on a smaller time frame that that shown here (to conserve losses). When you zoom out of this chart, you see a market struggling to stay afloat. That's usually not a good sign. The 4H ATR line is above the recent batch of ranging candles. This means there is bearish pressure in this market (on this time frame only). The bulls have lots of work to do if they wanna get above the 4H (amber) line. The trouble for the Aussies is that they are bounced around by a) the DJI b) the USTech100 and c) US Bond markets. That's why it looks so indecisive (at this time). They are normally most scared of the USTech indices. So watch USTech as well for a steer on probabilities on lower time frames.
FX:AUS200
by Captain_Walker
XJO looking delicately poised...The ASX 200 index is looking very delicately poised. Clearly there is an ascending wedge forming but it is unclear if price will break to the downside or upside and when? Price is currently sitting on a support level from December last year. MACD has just crossed to the downside but RSI not showing overbought signals yet. Fundamentals are going to play a big part over the next few weeks as rising bond yields are spreading fear across the global markets and future inflation fears are rearing their head. Will Biden's stimulus package provide the booster shot needed in the tech stocks or have recent earning highlighted the extent of the over valuation in the markets. Next week is going to be a critical week. Looking for price to stay above 6766 and some signals of continuation to the upside. Hold on for a big week.
ASX:XJO
by ASXSignalCentre
1
Bearish fears looming or are traders losing there edge??After this thoroughly rough week i have noticed that among traders on the ASX fear looms have been spreading, from untrusty discord chats all the way to journalist articles. However market movements to the downside are just as normal as bullish days. In fact they are often needed to bring the market and all who trades back to reality. This post is to do outline the possibilities of the future and what traders may come to expect. Of course this is not financial advice and what I say should only be taken as a grain of salt. I will mention both Technical analysis features aswell as Fundamental. In regards to technical analysis the ASX 200 tells a variety of stories and possibility's. For example it appears the market is forming an ascending triangle, and for all those that trade this pattern it is well known that once price action breaks the triangle it will determine the future price direction. Therefore if the price breaks above the top of the triangle it can be said it will result in a bullish run, likewise a break on the bottom on the triangle singles a drop in price. What I take from this that within the upcoming weeks will determine the direction of the market so "only time will tell". In regards to resistance and support levels I would say there multiple significant levels that will need to be broken for future market movement. As shown below if the upcoming market is bullish I would only confirm this once the price level "6851.5" is broken and then treated as a support level. My reasoning for this is the past months have struggled staying above this level and can inhibit the progression of the post crash bull run. A final significant level I would outline as a key support level will be "6370 " this level has not been broken since the march crash and has only been broken with strong price action. These levels will be posted below for clarity Despite what retail investors have been saying it appears that a bearish outlook is not all round as the XVI is at "normal" levels and does not show any signs of distress or volatility. Which brings me to a hypothesis that the noise I hear is actually new traders who have a lack of experience in the market being distressed with "red days". To do with fundamental research from looking at director transactions a large majority have been buying stocks in moderately large volume. Where as of the time i am writing this there is a current 1:11 sell vs buy ratio. What this tells me inside investors have little fear of what the market outlook is and rather care about the quality of the company. Overall I have a neutral outlook on the Australian Market where a trend in either direction will be no surprise. As a trader we should focus on trading what we know and sticking to well developed thought out plans. I hope this can benefit traders like myself. If you found my brief research helpful a like will be much appreciated :)
ASX:XJO
by Mikey_Scali