AU200 Short Idea on Market OpenAu200 is on a strong bullish trend, and now making divergence on 30m timeframe. In coming hours on market open it's most likely that price action will form a pull back respecting bearish divergences. If so we have Plan 1. And if the bullish trends continues, we have Plan 2 setup.
AUS200 trade ideas
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 🐢
POTENTIAL SHORT TRADE SET UP FOR AUS200Asset: AUS200
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Short
Type: Swing.
Entry: Reversal Patterns & Continuation Corrective Structure on the LTF's.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
#TheTradingAmbience
AU200AU SHORTPossible upward movement of the pair. Price is currently in a lower bound trading zone on significant volume , making stops and holding rejections at the bottom of price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think it could go in search of the previous high price zone.
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 - Major selloff expectedG'day Traders and Investors,
Note: Before reading this, I would like to declare that this is not a financial advice, I am not financial advisor. Any mentioned information is for education and entertainment purposes only and based on my trading and investing strategy. . I may or may not act according to this analysis.
AUS200 extended gain continuedly from the last few weeks during August reporting Season since Investors are so hyped with company's profit and dividend. However, expecting major selloff once profit has been declared and dividend received. In addition, with the fall of US market SPX500, NASDAQ100, DOW30.
If you like the idea, please like and comment. Many thanks for your support.
Cheers!
Jimmy
POTENTIAL 20% DUMP ON THE CARDS FOR XJO Calling a major top and new leg down starting tomorrow.
All the stars have aligned, perfectly positioned short (August 18th expiry - solid black vertical line) on Friday 4 points from the top (pink horizontal line).
Couldn't be happier with this bet. If it breaks down weak resistance at 6763 in a few days then we're off to the races! If it reverses and confirms itself I will close out my puts for a modest win and wait 2 weeks. If it reverses it may reach 7011 and then BOOM, down! I doubt it though.
Some big fish, likely a Hedge Fund, agreed with me though filling an order in the queue for 350 contracts for $3.4 million. If it pulls off for them they are looking at a gain of $1.8 million profit for 3 weeks work..Oh how the other half live!
By that time any rally will have definitely run out of steam, I'll reposition and have another crack at the September expiry. I will go as far as saying that we will then see my contention validated 100% without question for the monster 20-22% dump . At the moment I would give an 80% confidence rating for this dump that the cascade in price action begins tomorrow.
Interestingly the 6851 level we just passed last week was the Blow Off Top reached in the XJO at the peak of the Market (Nov 2007) prior to the biggest dump in modern history , the Housing induced Credit Crisis of 2008. How's them Apples..?
The Markets can only bear so much "Fed pivot" fantasy talk until Wall st & CNBC analysts wake up, smell the economic coffee and any notion of a Market bottom being in and the Fed Put riding to the rescue this time will be dispelled as the absolute QE Hopium bunk that it is!
If the Fed and/or the RBA takes that dangerously irresponsible/economically unthinkable path and capitulates or even relents on taming the WILD inflation here and across the World then you know "they" are DELIBERATELY trying to collapse the Real Economy and we NEED to prepare for HYPERINFLATION . This will facilitate widespread acceptance of the Totalitarian CBDC's and usher in The Great Reset which is a fancy way of saying a digitally enabled Global Communist Police State. Prepare NOW!
God bless and all the breasts!
xxCM
AUS200 on a tear - how much longer can it continue? The Australian 200 stock index continues to move higher, despite weakness in the states. A fiscal boost from China could be helping to spur the high risk index higher. Weaker Aussie employment data could also lead to a less aggressive RBA.
From a technical perspective, price is nearing a key resistance level at the 61.8% Fibonacci level and the 200-day SMA. The RSI is in overbought territory and price is more than 5% above its 50-day SMA, which called a top previously. 7.3k is the level to watch for an upside breakout, while a rejection and roll over would bring the 7k and 50% Fibonacci level into play.
ASX200 looking to breakout? ASX200 - Intraday - We look to Buy at 6985 (stop at 6906)
6980 continues to hold back the bears. The lack of interest is a concern for bears. Preferred trade is to buy on dips. Further upside is expected.
Our profit targets will be 7157 and 7200
Resistance: 7160 / 7300 / 7630
Support: 6980 / 6800 / 6425
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.'
OZ index fresh break ?Caveat Emptor / will there be a successful break ? who knows
:: Delicate. know your limit
:: manage own garden
>> It can be looong week to go. we shall respect prices either way.
#know your waiting period
#know your limit
#know your reasoning for entry - not comfortable with candle signal/no entry
Improve your think flow = improve on profitability.
All the best.
Not a guru.
From my land of sunshine, Malaysia.