AU200AUD - 24h expiry
Price action looks to be forming a bottom.
Short term RSI is moving higher.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7650 will confirm the bullish momentum.
We look to Buy at 7600 (stop at 7560)
Our profit targets will be 7700 and 7725
Resistance: 7650 / 7675 /...
Hello Everyone,
The long-term bullish sentiment on AUS200 remains intact! Should the price stabilize below the weekly pivot point, a downward movement could precede the anticipated upward swing. Notably, weekly support levels have demonstrated resilience thus far, suggesting a robust foundation.
TradeWithTheTrend3344
Everything has mentioned in the chart.
Buying divergency on 4H time frame.
Hammer on demand Zone
Buying volume increasing
Target the current supply zone.
wait for price to get to the demand zone again.
thank you for reading.
Buy above 7656
And Target 7795
Risk reward in your favour
Don't make complecated
Keep simple you can put your trade 1 ,2, 3 time but buy only above 7656
Keep giving small sl
ASX 200 Index (XJO) closed yesterday sitting on major support line @ 7603.
Long-term higher highs have previously been established since 2021 indicating overall positive market growth.
Hello Everyone,
The AUS200 has recently breached numerous support levels and is now approaching the yearly support and pivot point. However, buyers are beginning to enter the market. Despite this recent drop, the overall sentiment remains bullish, and a turnaround is anticipated shortly.
TradeWithTheTrend3344
So much negative divergence on XJO currently, it is ripe for a fall. Look how the last three higher highs have been when the MACD was making lower highs.
Let's see what triggers the fall, but with current US market reactions, this looks very soon.
PEPPERSTONE:AUS200 is about to break the resistance trendline. It should be noted that PEPPERSTONE:AUS200 is in a bullish trend on higher timeframes. Currently, there is bullish divergence on 1 hr and break of resistance trendline can potentially lead to bullish price action!
In this video I go over my very simple method of entering trades according to my "Set It and Forget It, No Brain cell" strategy. A few very simple tricks that save a lot of grey hair (or so I think)
AUS200 - Bullish Trend on Daily time Frame
Analyzing previous data, one can see that after making HH, trend retraces to Fib 0.38 always and Fib 0.5 most of the time and Fib 0.61 occasionally. Moreover, bullish trend continues for 10 to 12 days and then re-traces for 3 to 5 days. And then again it resumes its upward trend.
Therefore, two types of trades can be...
The inverse head and shoulders chart pattern is a bullish chart formation that signals a potential reversal of a downtrend. It is the opposite of the head and shoulders chart pattern, which is a bearish formation.2
The inverse head and shoulders chart pattern consists of three (3) troughs: the first and third troughs are roughly equal in depth and are known as...
SHORT trade is in order. Trend lines on RSI-14 and CandleStick chart are augmenting each other towards Bearish trend establishment. Therefore, place entry as per Fibonacci retracement at 0.38 for entry. S/L should be previous LH. Set TP as per risk/reward ratio of 1%.
Always keeping it simple with Multi-Time Frame Highs and Lows, IB's and OB's.
(previous sell levels still marked)
High Level Overview
AUS200 Overall Bullish and is at it's highest high.
Monthly RSI is looking seeking to purchase higher, although, we are due for a pullback on the lower timeframe.
Break of structure could lead to a test of levels...
