Get started
Australia 200 Index CashAustralia 200 Index CashAustralia 200 Index Cash

Australia 200 Index Cash

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

AUS200 trade ideas

Trade Idea on AU200 (ASX) by ThinkingAntsOkMain items we can see on the chart a) The price is on an ascending Wedge b) Currently, we can observe a clear corrective Structure (Yellow lines) c) The next resistance zone we have is a weekly one (light blue rectangle) d) Based on the technical elements we have our conclusion is: If the price breaks above the corrective Structure, that will give us a high-quality scenario for long trades towards the next resistance zone e) The Risk-Reward Ratio of this trade is 1 : 2 f) We will move our stop to break even at 6200.00 WEEKLY CHART: (Understanding why we choose that target)
OANDA:AU200AUD
by ThinkingAntsOk
1
Aussies heading into troubled zoneThere are no promises, guarantees or predictions in this. The Aussies have been flattening out at a top - it appears - at this time. There are only two directions for price - nothing new in that. What happens in situations like these is: 1 - either price collapses. 2 - it rockets north. You can imagine what bulls and bears would say to each of the above. Their inherent biases controls their minds. Biases predetermine - quite unconsciously - what logic will arrive at. Hence people get into 'predictions', then punch the air when price confirms their bias. Both the nature of confirmation bias and prevalence-induced concept change should be studied by all traders. Some say ' What's psychology got to do with this? ' I'm sorry for some. How does one control how wrong a bias may be? It's called a stoploss! Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200Education
by Captain_Walker
ASX:XJO still in the uptrend This chart should be self explanatory but as a chartist i cant do without a comment. XJO is still in the uptrend on the weekly chart. Last week and early this week it has come to retest the uptrend line which acted as support in conjunction with the 0.5fib and pushed the price up again. Weekly psar is still showing uptrend and lsma still in uptrend on a weekly TF. One concern so far is the 200WMA aligned with the historic resistance around 5969$. And daily psar is not positive yet. I will keep you posted if anything changes as I always keep an eye on these markets. Keep smashing the likes and stay tuned to my “Stock of the week” new episode this Sunday. Stay safe and nice weekend.
ASX:XJOLong
by xtf_ze_trader
XJO aka ASX still in the uptrendThis chart should be self explanatory but as a chartist i cant do without a comment. XJO is still in the uptrend on the weekly chart. Last week and early this week it has come to retest the uptrend line which acted as support in conjunction with the 0.5fib and pushed the price up again. Weekly psar is still showing uptrend and lsma still in uptrend on a weekly TF. One concern so far is the 200WMA aligned with the historic resistance around 5969$. And daily psar is not positive yet. I will keep you posted if anything changes as I always keep an eye on these markets. Keep smashing the likes and stay tuned to my “Stock of the week” new episode this Sunday. Stay safe and nice weekend.
ASX:XJOLong
by xtf_ze_trader
19/06/2020Today market moved as expected, we have recently changed environment by making lower lows compared to recent moves. A W formation was created on the 4 hourly between the 12th and the 16th. I really want to see the market close on either the 0.382 FIB or preferably the 0.5 FIB which would provide strong confluence and support at this level. I will watch closely around the 0.382 to see if there is a shift in market sentiment and the rally will continue to make higher lows and higher highs. The wick from the first half of today I expect to get filled in the next day or two. 3855 would be ideal for me to feel safe to hold long term from here. DYOR, all IMO. 6497 - A possibility if the 0.382 FIB is the only once reached.
ASX:XJO
by camb0_123
XJO - Updated EW count XJO is in 5th wave of down cycle. It has completed WXY corrective up cycle from major bottom in 2 hr time frame. The drop from last swing high in 30 min time frame is impulse and within its 5th wave. In futures of XJO it dropped in A impulse wave down, which is not still confirmed in XJO Index. Wait for little more price action, which decides the next correction. In futures it made new low and getting divergence in indicator too. Will see how it moves in Index now.
ASX:XJO
by EWFcw
4