Buying AU200 previous resistance.ASX200 - 22h expiry - We look to Buy at 6875 (stop at 6825)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 7020 and 7140
Resistance: 6965 / 7140 / 7340
Support: 6860 / 6770 / 6685
Disclaimer – Saxo Bank Group.
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AUSTRALIA 200
Buying ASX200 at current support.ASX200 - Intraday - We look to Buy at 6595 (stop at 6550)
We are trading at oversold extremes.
A Doji style candle has been posted from the base.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
Our profit targets will be 6720 and 6770
Resistance: 6770 / 6965 / 7140
Support: 6580 / 6410 / 6210
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Selling ASX 61.8% pullback.ASX200 - 22h expiry - We look to Sell at 6860 (stop at 6950)
Posted a Double Bottom formation.
The 1 day moving average should provide resistance at 6790.
We have a 61.8% Fibonacci pullback level of 6857 from 7138 to 6410.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Our profit targets will be 6595
Resistance: 3965 / 7140 / 7340
Support: 6775 / 6580 / 6410
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AU200HELLO GUYS THIS MY IDEA 💡ABOUT AU200 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Buying AU200 on market.ASX200 - Intraday - We look to Buy at 6785 (stop at 6715)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Buying at market offers good risk to reward ratio.
Preferred trade is to buy on dips.
Our profit targets will be 6980 and 7020
Resistance: 7020 / 7160 / 7340
Support: 6695 / 6410 / 6210
AUS200 : DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ⚡️Welcome back Traders,
Detailed analysis from INDEX_INSIDERS Team.
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Have a Good Day Trading !
AU200 - Looking for a short term reversalAU200 has reached .382 from th large swing.
It looks oversold and has also reached a 1.272 ext and a 2 from previous swings.
The target would be the .382 of the last swing lower.
We can look for some buying that may be the beginning of a short reversal. There's not enough buying just yet but we should keep an eye on this.....
AU200 - more selling to come....before the LONG....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 Analysis | Bears will be activeAU200 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 market will finds its next support on 6900.
To make the analysis more conclusive, the said instrument has already broken the bullish parallel channel support and testing the horizontal level.
Trade your levels accordinly.
Expected Breakout Higher in AUS200Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in AUS200.
Trend Analysis
The main view of this trade idea is on the 1-Hour chart. AUS200 has been in a rangebound move and is expected to breakout in the short to medium term. Based on the market profile, the range is between 7255 and 7325.
Technical Indicators
AUS200 recently crossed above its short (25-SMA), medium (75-SMA) and fractal moving averages and it is currently at the middle of the range. The RSI is above 50 and is heading higher. Moreover, the KST confirmed bullish move with a positive crossover.
Recommendation
The recommendation will be to go long at market. At the time of publishing AUS200 is trading around 7293. The medium-term target price is observed around the 7400 price level. A stop loss is set at 7200.
Another Country Breaking Out - Australia!When we look around the world, it often feels like the sky is falling if you tune into financial media. Well here, we look at the charts and see if we can find trends. We have a new breakout in an important commodity economy. Australia! Let’s have a look at the chart.
So here we have Australia going nowhere since June. Tons of failed breakouts with the wicks not being able to stay above 6130. We finally get the breakout with follow through as well. Not only do we have the breakout in price, we also have a breakout in RSI terms. This is bullish. Right now we are looking for stuff to buy. We have made that clear. Now we can add Australia to the list of markets that are breaking out.
Happy Trading!
Completion of an Ascending Triangle _ LongHi there,
This wave analysis is based merely on the elliot wave. We have Identified that our wave 4 is in a form of ascending triangle and will soon complete the XY wave. Our extensions shows that we at full completion of XY wave, this why we advice you to look carefully at the price action in order to get a good trading opportunity.
Good-luck
AU200Welcome to this analysis on AU200.
Australian stocks have been in a bullish trend since March.
Looking at the 12HR chart, It looks like it just broke out of a month-long symmetrical triangle consolidation which should act as a continuation pattern in this case.
The target of the pattern is around 6380$ as long as the price holds above the support of the pattern.
There is a long term horizontal resistance and an Order Block around the target zone in the 6300$ to 6400$ which has confluence with the patterns target. The price can get to those levels as long as it stays above 5900$.
This trade idea has 4.5 Rewards to the Risk ratio.
Good luck trading.