Watchlist : ASX 200 (AUSTRALIAN 200) Showing clear uptrend
Updated
This indices is looking good for a long, it needs to break above 6150 (red line) to confirm the bullish trend. The ASX joins FTSE, NASDAQ and russel that are leading the way as the potential for a risk on move continues, short term the yen pairs are heading lower so this may take more than a few days to become a trade.
I have given the pair a wave count but it is not a clear or standard one so may be ignored, however the trend is clear and one directional so I am keen to buy into it.
I have given the pair a wave count but it is not a clear or standard one so may be ignored, however the trend is clear and one directional so I am keen to buy into it.
Comment
Red line has broken, confirming the bullish trend and as a result, I will be looking to buy the next pullbackRelated publications
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