AU200 Short Trade Setup! Welcome to Profitlio Trading!
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AU200 showing a trend breakout which is a good sign for AUD pairs to crush. Expecting a nice sell on this index. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
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AUSTRALIA 200
ASX Consolidation Fluff,P Action Task For The Week = A DirectionLooking for some confidence or lack of, anything really, to move this market out of this range of chop. Price at Mondays open will be APEXing, so hopefully traders can push this in a direction up or down for some clear trading sentiment. If positive during the week an upward carrell channel could form for the following weeks to respect.Taking sentiment away from the charts and to the global economy there could be down side to come as it can’t keep being prop’d up considering this recession. A direction is needed shortly and the market will show that this week…. or next :P
📈Support & Resistance📉*
Support Levels
1st Support Zone: 5283.0
2nd Support Zone: 5185.5
3rd Support Zone: 21718.4
Resistance Levels:
1st Resistance Zone: 5478.2
2nd Resistance Zone: 5624.5
3rd Resistance Zone: 5943.8
Price Level Consideration
ATH: 7208.2
All Time High Half Way Point: 3604.1
Previous High: 5568.6
Previous Low: 4392.7
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: 6880.9
🐻 Bearish below: 5397.8
Monthly & Weekly Opens
Monthly Open: 5520.6
Weekly Open: 5386.9
If P action can break above the present consolidation it would still show strength to get caught up with this previous zone…
AU200 AUD, Buy after pullback!The price is accumulate it's power under the Historical Key Level.
We can open Buy after it will be crossed and pullback to Buy Zone.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
Australia! A Bogans ParadiseHello Traders,
Looking at the chart we can see price has been in a well defined channel for the last 10 years.
It has taken that long for the price to crawl back up to the previous 2007 top and I mean crawl. From an Elliot Wave perspective these are some unhealthy looking waves with deep retracements each time basically invalidating the EW principle. Either way, you can see some kind of 5 waves impulse pattern.
The price reached the previous market top which just so happened to coincide with the top of the channel. The price has tried again to push higher but failed and now looks like a double top and is printing bearish divergence on the RSI.
Can they just keep pushing this with QE?
I think we all know by now the economy is floating on a debt time bomb.
Australia's housing market is one of the biggest bubbles out there which has been fueled through terrible financial practices.
I think this economy is going Down Under!
Bearish on stralia.
AU200AUD: BEARISH MOVE IS COMING.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 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
"ASX: long vision in the short term" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the Support Zone.
- Price broke the Descending Trendline.
- Now, it has potential to move up towards the Resistance Zones.
However, in the Long Term we have a short view. Take a look!
Weekly Vision:
Daily Vision:
Updates coming soon!
"ASX in new highs since 2007: what's next?" by ThinkingAntsOkDaily Chart Explanation:
- Price is against the Weekly Ascending Trendline.
- Price is on a Micro Ascending Trendline.
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 6740, potential to move down towards the Support Zone at 6400 and, then, to the Bottom of the Ascending Trendline at 5620.
Our Weekly View support this idea. Check it out!
Weekly Vision:
Updates coming soon!
ASX - Limitedupside with Head and ShouldersOANDA: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 6705. Bespoke resistance is located at 6993. The formation has a measured move target of 6460.
Our profit targets will be 6490 and 6460
Resistance: 6673 / 6693 / 6760
Support: 6611 / 6490 / 6460
ASX 200 - In trouble 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.
ASX approaching resistance, potential drop!ASX is approaching our first resistance at 5927.6 (horizontal swing high resistance, 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 5694.0 (horizontal pullback support, 61.8% Fibonacci extension , 50% Fibonacci retracement .
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.