Do we continue the bear market this week? Or do we rebound? I can see us dropping to new lows however in this current market anything is possible. My short is currently in a nice profit.. Using a trailing stop loss strategy with this one. We will have to see what the Australian Government can deliver on a stimulus front, money printing is only delaying the...
This is a key position. Shorting this means that one is willing to take a controlled affordable loss above the amber ATR line (there is no formula to work that out). This is a trend following set up - so there are no targets.
1h Chart shows price to be reversing with confluences: broken bearish tl, set new higher high and higher low, support at 1h 50ma, support at previous resistance area. Targeting the 127% and 161% in extension
I know this is slightly late, however this trade is active on my side and i am looking to take profit from the start of this impulsive leg. At around 6964.92 area, i will be looking to trail my stop to 7123.57 and continue from there in order to try and capitalize on this move down!
aus200 looking good for sell pup 20 pips sl
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!
Hello 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,...
Self Explanatory no trade here quite yet
stop @ 6792.99 target 6528.99 if this moves against us 2nd position @ 6734.99
AUS200 looks to be overbought with the potential to form a double top. Watching and waiting for now, not rushing in just a longer term overview.
The Australian AUS200 or XJO index (ASX S&P 200 index) is fully valued at its 100% DCF value using 3.5% growth, 8.2% discount rate. The earnings for this index are less than at the top of 2007. Its P/E ratio is overvalued at 18. Australia's construction industry is in rapid decline and also its housing markets. Short term interest rates are in decline as...
FX:AUS200 Trade Idea ASX200 - Intraday - We look to Sell at 6680 (stop at 6700) Afternoon gains were sold into and follow through bearish momentum resulted in the market moving lower. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Previous support located at 6646. We look for a temporary...