AUS200, A day with no stimulus package from the government.
For the last 5 trading days, every time the government announces some type of stimulus package to the country, I can see the market surging between 1.5 and 3 percent.
What will happen if we have 5 days with no economic stimulus? are we going to retest the lows of 4775,4400 or a new bottom 3xxxxx?
I have added a Fibonacci from the low of 4374 to the highest of this week 5429.
I still stand to get in LONG if the market can break the 5429 support with TP at 5590 and SL at 5050, and/or SHORT if the market goes below 5035 with SL at 5200 and TP at 4775.
What will happen if we have 5 days with no economic stimulus? are we going to retest the lows of 4775,4400 or a new bottom 3xxxxx?
I have added a Fibonacci from the low of 4374 to the highest of this week 5429.
I still stand to get in LONG if the market can break the 5429 support with TP at 5590 and SL at 5050, and/or SHORT if the market goes below 5035 with SL at 5200 and TP at 4775.
Trade closed manually:
I have entered the market on the 9th of April at 5429 and today I have closed all my position at my TP of 5590 and gaining 161 pips at 10 dollar a contract.
Now I am looking to short at the FIB of 5626
Now I am looking to short at the FIB of 5626