ASXAUD Australia 200 (ASX 200) Bearish Trade Setup - Potential Reversal at SMC FVG Order Block
🔍 Technical Analysis:
The ASX 200 is approaching a critical zone on the chart known as the SMC (Smart Money Concept) FVG (Fresh Virginal Ground) Order Block.
Historical price action suggests that this area has served as a strong resistance level in the past.
Key...
ASX200 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 7650 will confirm the bullish momentum. The measured move...
Three positions taken last week, two breakevens and one loss. Great trades nonetheless, two structures I would take over and over again with the EURUSD position being on the higher risk side of things. Risk management plan stuck to, frequency is picking up just in the first month of the year as expected. Trade safe and responsible
Aus Q4 CPI came in at 4.1% yoy, with the trimmed mean measure at 4.2% yoy – both were nicely below the economist's median forecast, and importantly below the RBA’s own forecasts of 4.5% for both metrics.
We also saw the more timely monthly (December) CPI print coming in at 3.4%; a 90bp improvement – and just 40bp away from the 2-3% target band.
Next week’s...
While the AUS200 revisits the all-time highs set in Aug 2021, the index absorbs a positive mix of sentiment towards global risk, as well as local factors, and many question if this time around we see the illustrious bullish break the bulls are positioned for. While global macro issues remain paramount, one catalyst to look towards is ASX200 1H24 earnings, with...
next level of support is 7100
expect more selling in XJO.
everyone doesnt want to be like Argentina.
time to stabilize your currency and end this game
of asset inflation to give the wealth illusion.
game over man.
buy some short term BBOZ for a trade.
Looking at the weekly chart, bulls may have something to worry about. The market is yet to even test 7500 let alone break above it, and each time it has tried (and failed) to do so, the ASX has fallen by double digits in percentage terms.
A bearish engulfing candle formed in the first week of the year after once again faltering at those cycle highs. And if we're...
The recent announcement of a stimulus package by the Chinese government to boost the property sector is expected to have a positive impact on the Australian stock market, particularly the Aus200 index. The stimulus package includes measures such as lower down payments for home purchases and tax breaks for developers. These measures are expected to increase demand...
AU200AUD - 24h expiry
Buying pressure from 7494 resulted in prices rejecting the dip.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
We look for a temporary move lower.
Further upside is expected although we prefer to buy into dips close to the...
The ASX200 is in the process of creating a bullish flag on the 1-hour chart following a downward movement. Additionally, a bullish divergence is taking shape, providing confirmation of a reversal from the preceding downtrend. I am initiating an immediate purchase at the current price, anticipating that the price will reach the target outlined by the flag's pole.
When pricing the ASX200
in Gold instead of paper AUD.
you can see the XJO hasnt gone higher
but stay within a trading range.
its important to measure things with the right
measurement and not to measure
things in something as unstable as paper money.
#ASX200 has tried numerous times to break and hold above the $7,500-7,600 level, with no success.
This resistance zone has shown to be resilient, but these levels tend to eventually be broken.
Will be watching key economic data over the coming weeks to see if there is anything strong enough to send price through this level.
Wars are inflationary. so expect interest
rates to keep rising in 2024 (even tho they are negative
in real terms)
higher rates means lower share prices.
lets see how the central planners react to the war
and the goal is always to inflate asset prices but the problem
now is the inflation can not be hidden by cheap asian
labour anymore.
The rise of Asia means...
ASX200 - 24h expiry
We are trading at overbought extremes.
A Doji style candle has been posted from the base.
Our overall sentiment remains bullish looking for higher levels.
This is positive for sentiment and the uptrend has potential to return.
Preferred trade is to buy on dips.
We look to Buy at 7578 (stop at 7528)
Our profit targets will be 7698 and...
