AU200AUD - 24h expiry Price action looks to be forming a bottom. Short term RSI is moving higher. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look to Buy at 7600 (stop at 7560) Our profit targets will be 7700 and 7725 Resistance: 7650 / 7675 /...
Hello Everyone, The long-term bullish sentiment on AUS200 remains intact! Should the price stabilize below the weekly pivot point, a downward movement could precede the anticipated upward swing. Notably, weekly support levels have demonstrated resilience thus far, suggesting a robust foundation. TradeWithTheTrend3344
The #ASX200 index, here on the Daily chart, could be under the threat of a potential Head and Shoulders pattern. It seems as if a lengthy bearish divergence might be starting to play its role here too. If this is to play out, it could be the start for this index losing more than two thirds of its value according to TheDawieSetup.
A parallel channel, also known as a price channel or trend channel, is a technical analysis tool used to identify and visualize the direction and strength of a trend. It consists of two parallel trendlines that encompass price movement within a specific range over time. Here's how a parallel channel is constructed: 1. **Upper Trendline:** This line connects the...
UAS200 pattern chart showing reverse pattern using H&S method...
Everything has mentioned in the chart. Buying divergency on 4H time frame. Hammer on demand Zone Buying volume increasing Target the current supply zone. wait for price to get to the demand zone again. thank you for reading.
Buy above 7656 And Target 7795 Risk reward in your favour Don't make complecated Keep simple you can put your trade 1 ,2, 3 time but buy only above 7656 Keep giving small sl
ASX 200 Index (XJO) closed yesterday sitting on major support line @ 7603. Long-term higher highs have previously been established since 2021 indicating overall positive market growth.
Hello Everyone, The AUS200 has recently breached numerous support levels and is now approaching the yearly support and pivot point. However, buyers are beginning to enter the market. Despite this recent drop, the overall sentiment remains bullish, and a turnaround is anticipated shortly. TradeWithTheTrend3344
reason market structure bearish break of structure fair value gap
So much negative divergence on XJO currently, it is ripe for a fall. Look how the last three higher highs have been when the MACD was making lower highs. Let's see what triggers the fall, but with current US market reactions, this looks very soon.
A bit late publishing. Same Strategy - Setup based on Multi Timeframes Highs and Lows, IB's and OB's.
PEPPERSTONE:AUS200 is about to break the resistance trendline. It should be noted that PEPPERSTONE:AUS200 is in a bullish trend on higher timeframes. Currently, there is bullish divergence on 1 hr and break of resistance trendline can potentially lead to bullish price action!
ASX 200 looks bearish making a lower high after an uptrend.
In this video I go over my very simple method of entering trades according to my "Set It and Forget It, No Brain cell" strategy. A few very simple tricks that save a lot of grey hair (or so I think)
In this episode I go over Hand-To-Mouth Trading's "Set It and Forget It, No Brain Cell" approach to day trading
AUS200 - 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...
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...