I suspect it could be a case of now or never for ASX bulls. Whilst it suffered its worst day in 9-weeks on Thursday, this could be part of an ABC correction and the 200-day MA is nearby as a probably support level, even if it breaks lower today. Futures markets shows heavy volume occurred around yesterday's lows (bears piled in around the lows) yet sentiment...
The possible 'sympathy bounce' towards 7300 highlighted last week played out nicely. Whilst we're on guard for bearish momentum to return as part of the seasonal 'sell in May and go away', we retain a bullish bias over the near-term. Prices have since pulled back from those highs and price action on the intraday chart appears to be corrective, in the form of a...
Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest...
Dear friends, what we are going to see in this post is why I'm waiting to go long on AUS200. Price was travelling in the downward direction in the 4h time frame and now it is the verge of a breakout. As it is a breakout for the first time from the downward parallel channel, price will reverse as there is a supply zone at 7146.00 to 7183.80. Even though price is...
long postion from mutiple ITL level touch , market is balance .
We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)
AUS200 LONG - Buy Entry - H4 Chart Buy @ Market or Buy @ Break of 7394.78 Symbol: AUS200 - SPI200 Timeframe: H4 Type: BUY Entry Price: Buy @ Market or Buy @ Break of 7394.78 TP - Resistance @ 7768.01 Last High - TP - Resistance @ 7648.47 TP - Resistance @ 7537.31 Resistance @ 7394.78 MN Support @ 7304.74 PP Y1 - Pivot Point Yearly @ 7191.90 ✅ If you...
After a bullish flag and break, the AUS200 has started to retrace to Support This is an interesting area to BUY as there are a couple of wick rejections at the 7380 area Using the bullish the momentum price may reject off this level again and then move to the upside to our highs. Buy @ 7380’s Stop @ 7365.1 3:1 RR
Risk not more than 2% of your capital when taking this trade!
Australian dollar is looking bullish form the past few days By making it's higher high's and higher low's it give us attention to buy it from this level. This is our technical analysis about Auzi Dollar for the week ahead. If you like this idea don't forget to like and comment!
Hello People, I'm a 15 yr old trader. Would you mind checking out my recent ideas?
here what we expect on aus200 this is great set up, use sl as shown on chart, all the indices has make new high why this not, this is giving u a chance to ride it, enjoy the trade and share the profit with poor people to keep getting similar opportunities like this one Stay inspired !! Your friend in forecasting the market movements: Ali Dib The chart tarder
This index had an upward trend in the past always, and has not grown much after the recent fall (due to the Corona virus). Low risk and I expect it to grow well.
1h Chart shows price to be reversing with confluences: broken bearish tl, set new higher high and higher low, support at 1h 50ma, support at previous resistance area. Targeting the 127% and 161% in extension
Currently in a range forming a flag on hour chart. Potentially another move up. However, bigger picture looks like its due for a deeper correction at some point. Order to be cancelled if not trigger before Monetary Policy Meeting Minutes 11:30am Melbourne, Australian Time.