This analysis is for those who work in Australian currency
Dear friends, what we are going to see in this post is why I'm waiting to go long on AUS200. Price was travelling in the downward direction in the 4h time frame and now it is the verge of a breakout. As it is a breakout for the first time from the downward parallel channel, price will reverse as there is a supply zone at 7146.00 to 7183.80. Even though price is...
AUS200 as long term trend , is coming short to sell off. trying to hold,, trend..
running trade,, waitting for my traget.. nice trade.. beautiful trade.. volume imbalance , cot. shifting order flow , sequencing..
According to Resistance Level on 4H timeframe Divergence on 1h time frame Fibo retracement to 61% TP ans SL
We've a good short opportunity here. I'm in at the top of flag.
Unlike the Dow Jones it appears that the ASX has seen the end of Wave D. We are dealing with an ending diagonal Wave E. We have already seen Wave i and it appears Wave ii is almost complete. Resistance is 6775 so this would be a good stop level. I am shorting this from the highs until I see a completed Wave iii Zig-Zag to the downside. Please LIKE and ...
Reversal can still happen from this resistance !!! Place your Stop Loss just slightly above this resitance....
If price closes below the blue line we enter sell
aus200 looking good for sell pup 20 pips sl
Headed towards Uptrend line (pink) arrow.
Greetings Traders! I thought I would try something new this time. After analyzing this chart, I was able to identify an upside down flag that will eventually become a short trend. There's potential to make some pips on the uptrend before it reverses: Stop Loss - 6152 Take Profit - 6223 Once the target has been hit you should get ready to trade a short. HAPPY...
Australian Stock Market is closed for the weekend. We have a potential c-d leg of a Gartley pattern that could happen next week. If it reaches the D Leg at around 5811 to 5817 and holds, or show signs of reversal. It is also in an extreme zone where the price will also be in the range of the highest High on the Daily Chart. We will anticipate a short term sell,...
Detail is on the Chart. This is my view ... not a guarantee. Remember you are adults so please use your own analysis and processes.
Pending order 5660 SL 5720 TP 5508
RESISTANCE AREA AT 5674 SHOULD PUSH BACK PRICE FROM THAT LEVEL. THERE ARE A NUMBER OF PLACES ON THE CART WHERE PRICE WAS RESISTANCE AND BECAME SUPPORT AFTER THAT. PLACE A SELL LIMIT AT 5674. STOP LOSS IS 5803.