trungle83

ASX200 Trend Continuation

Long
FX:AUS200   S&P/ASX Index
Looking for a entry approx 5960-6000
Strong Trend, Looking to for a continuation.
Daily RSI Oversold with 200MA just around the corner with a hidden divergence on RSI between ATH and current price level
4H RSi currently at 50% but would like to reach below 30% which will give a hidden divergence between previous price points.
Major support level with a strong channel
MA200 as channel's last line of defence. Needs to break internal trendline first.

Target 6250

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