This indices is looking good for a long, it needs to break above 6150 (red line) to confirm the bullish trend. The ASX joins FTSE, NASDAQ and russel that are leading the way as the potential for a risk on move continues, short term the yen pairs are heading lower so this may take more than a few days to become a trade.
I have given the pair a wave count but it is...
Now, the Australian stock index is down on Monday, reminding me that the pattern may be formed. Now I will give you an analysis of how to look at this pattern and how to trade with it.
The butterfly has X A B and C D five points, enter the trade when these five points meet the fio ratio.The essence is form pattern recognition. Butterfly's B requires a...
Hello,
Aus200 opened strongly on Monday morning which broke through the significant barrier at 5790-5800 with ease.
the channel of 5650 - 5780 was trading since June 2017 and both bottom and the top of the channel got tested many times during the period of June and October as investors are also looking for new direction.
Finally, on 16Oct, it opened at 5831,...
Clearly in an uptrend, price has retraced a a support zone created by the sliding parallels of teh upsloping median line. Most likely this retracement is about to be over and price will head north once again. Going long from current level is what I am planning to do
Entry: 5731
Stoploss: 5719
Profit target: 5765
P.S: If you follow my telegram channel (link in...
good morning australia. we make a short call for the first to get a better position for buy. it's possible that we buy the aus200 at 5600 or lower. look on the green and red lines to buy or sell the aus200. but understand that we sell a bull-flag.target is 6700!!! good luck
AUS200 at a very important point in time.
Looks like a very strong impulsive move up is imminent.
Tight stop at 5723 or 5671 would make this a good risk\reward ratio.
Don't mind the title.. it was just a little fun and a laugh :)
I've posted this privately several months ago and for the last week there has been crazy activities in the Aussie stock market.
The recent rally and broke through the highest since 2015.
Aussie dollars plummet last week and finally finding some grounds again
I am seeing an alignment between AUDCAD,...
D1 we can see that the last recent wave just barely scrap a New High.
H4 We can see a recent Uptrend Channel formed with price potentially respecting the extreme of the channels and carry on with the trend.
2 Targets for this trade with no pending orders.
Will look for appropriate candles to confirm entry.
Also to note, there is a Harmonic pattern if it completes...
