Hi, a high-risk high reward play on the AU200 with a break and retest of the rising wedge with bearish RSI divergence. If playing along place stoploss above last swing high and wait for a break of trend on lower timeframe will also bring stoploss to breakeven when safe to do so. Good luck 🍀
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:...
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:...
ASX200 - 24h expiry
Previous support level of 7129 broken.
Short term bias has turned negative.
Preferred trade is to sell into rallies.
The hourly chart technicals suggests further upside before the downtrend returns.
Further downside is expected although we prefer to sell into rallies close to the 7190 level.
We look to Sell at 7190 (stop at 7230)
Our...
ASX200 - 24h expiry - We look to Sell at 7160 (stop at 7210)
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
The 200 day moving average should provide resistance at 7175.
Preferred trade is to sell into rallies....
ASX200 - 24h expiry - We look to Sell at 7221 (stop at 7245)
We are trading at overbought extremes.
A Doji style candle has been posted from the high.
This is negative for sentiment and the downtrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
Further downside is expected although we prefer to...
Let's begin with the monthly - we can see the market has aggressively rejected the top of trend line after creating new all-time high at 7600 zone.
The Strong support is down at 6800 zone - previous all time high.
The monthly suggests we may see more selling.
AU200 has made the top of 7650 and recently retest it, making double top pattern.
Double Top usually considered as a bearish sign and the said instrument shift its trend from bullish to bearish.
Currently AU200 is likely to be in distribution phase and its base support lie on 7130. If this horizontal level is taken out, bears will be active in it and the...
AU200AUD along with the other indices is nearing to a correction more than 5 percent.
Entry: 6800
Stop: 6900
First target: 6537
Second target: 6450.
Have a profitable week. Follow to hear more.
In the name of Allah, the Most Gracious, the Most Merciful.
AU200AUD: BEARISH MOVE IS COMING.
Market following Ascending channel pattern Plus major trend is also bearish.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example; you have...
In the name of Allah, the Most Gracious, the Most Merciful
AU200AUD Big Crash is Coming.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
OANDA:AU200AUD
ASX200 - Intraday - We look to Sell at 6693 (stop at 6713)
The dip was bought and the rally sold resulting in the market posting little net change. An overnight positive theme in Equities has led to a higher open this morning. A bearish Head and Shoulders is forming. Trend line resistance is located at 6708. The previous swing high is located at...
After falls in the index in the last quarter of 2018, we have see a rally back into the sell zone(87.5% fib).
My target would be around the 5000 handle, which is nearthe 75% fib level on the monthly chart . This area is where the bulls should turn up,
as the index is in a very strong bullish trend on the monthly chart.
Possible Running Flat on AU200, I still think one more up is possible. On weekly this still has a lot of downside potential. I'll wait for a clear confirmation to keep adding. Really nice R:R opportunity
AUS200 is now testing major resistance at 6072 (Fibonacci retracement, bearish harmonic formation, horizontal swing high resistance) and a strong drop could occur at this level to push price down to 6008 support (Fibonacci retracement, horizontal swing low support). We have to watch our for intermediate support at 6034 too (Fibonacci retracement, horizontal...
