AUS200 trade ideas
Price action analysis on the Major Indexes...its not pretty!!I will go through the daily charts for major Indexes as they come under pressure.
Review the price action and major levels of the DOW, Nasdaq, DAX, FTSE and ASX200.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
AUS200 ShortSKILLING:AUS200
Index: AUS200 (ASX 200)
Entry Price (Short): 7051
Stop Loss: 7122
Take Profit: 6698
Risk-Reward Ratio: 5:1 (5 for profit and 1 for stop loss)
Description of the short position:
Short Entry: You open a short position on the AUS200 index (ASX 200) at a price of 7051, which means you are betting that the value of the index will decrease. In other words, you are selling the index with the expectation that its price will go down.
Stop Loss: You place a stop loss at 7122, which means if the price rises to that level, the position will automatically close to limit your losses. This level is above your entry price and acts as a protective measure.
Take Profit: You set a take profit at 6698, which means if the price falls to that level, the position will automatically close to secure your profits. This level is below your entry price and represents the point at which you want to realize gains.
Risk-Reward Ratio: The risk-reward ratio is 5:1, which means you are willing to risk 1 unit of loss (if the price reaches the stop loss at 7122) to gain 5 units of profit (if the price reaches the take profit at 6698).
Please keep in mind that trading in indices and financial markets carries risks, and it's important to have a solid risk management plan and closely monitor the market to adjust your positions if necessary. Additionally, the information provided is based on data up to my last update in September 2021, so you should consider the current market situation and any potential changes in the AUS200 index before making a trading decision.
ASX 200 ~ 2H Intraday Chart (Sept-Oct)CAPITALCOM:AU200 chart mapping/analysis for short-term & intraday trades.
ASX 200 Index: Bullish Momentum Gains Ground After 4-DayIntroduction:
After a four-day downward trend, the ASX 200 Index is showing signs of a bullish resurgence. In this article, we will analyze the recent price action, key technical indicators, and the potential factors driving the market as it attempts to break out of a crucial resistance level.
Breaking the Red Streak:
Following four consecutive days of declines, the ASX 200 Index has finally made an impressive upward move, finding strong support at the previous week's low price. This reversal has ignited hope among traders and investors, as it marks a crucial shift in sentiment. The next challenge on the horizon is the previous week's midpoint, currently positioned at 7239. Interestingly, this level coincides with several key moving averages, including the MA 50, MA 100, and MA 200. By this point, the MA 20 should ideally have already been surpassed, signifying further bullish momentum.
Overcoming Resistance:
Despite the recent gains, the market still faces a formidable obstacle in the form of an overhead trendline acting as resistance. However, the current setup suggests that this could be the moment when this resistance is successfully breached. The week ahead is expected to bring a deluge of economic news, which could act as a catalyst, increasing market volatility. This potential uptick in volatility is reflected in the Average True Range (ATR) indicator, which has started to point upward, indicating a potential new higher high.
RSI and Momentum:
The Relative Strength Index (RSI) is another critical indicator that has caught our attention. It exhibits a clear change in direction, now pointing upward. Importantly, the RSI is still some distance away from its overhead trendline resistance, leaving room for further bullish momentum to develop.
Zooming Out:
Taking a broader perspective by examining the weekly chart of the XJO, it appears that we may be in the midst of a Wyckoff accumulation phase, preparing for a breakout in Phase D. Confirmation of this pattern would come with the breakout of its macro channel. However, it's crucial to approach this potential breakout cautiously, taking things day by day and week by week, considering the evolving market dynamics.
Conclusion:
In conclusion, the ASX 200 Index has shown promising signs of recovery after a four-day decline. The recent breakout above the previous week's low, coupled with the convergence of key moving averages, suggests that the bullish momentum may continue. Traders should keep a close eye on the overhead trendline resistance and the impact of upcoming economic news on market volatility. The RSI and ATR indicators also provide valuable insights into the potential direction of the market. As we monitor these developments, it's important to remain cautious and vigilant in navigating the ever-changing landscape of the ASX 200 Index.
ASX macro analysis"ASX 200 Analysis and Outlook
We hold the view that the ASX 200 has been in a bull market since October 2022. Currently, we find ourselves in an accumulation phase, although we remain cautious and withhold confirmation of higher prices until we witness a decisive break above the 7313 price level.
Key Observations:
1. **Optimism Amidst Recent Close**: While last week's closing performance was not the most favorable, there are discernible signs of optimism. The ASX 200 (XJO) managed to close above a robust support level, sparking optimism that the upcoming week may usher in a gradual move to higher levels.
2. **Moving Averages Analysis**: In the previous week, we observed a breakdown below the MA 20 and MA 50, with the index managing to cling to the MA 100 level by a slim margin. A bullish reclaiming of these moving averages could pave the way for a favorable macro outlook. Our belief is that we could potentially reach new all-time highs (ATH) before the year's end. It's noteworthy that the current channel top has already rejected price on three occasions, and the fourth attempt could prove to be the breakthrough.
3. **Key Price Level at 7220**: Should the index close above the 7220 mark, this could establish a highly bullish outlook in the near term.
4. **RSI Insights**: The Relative Strength Index (RSI) has been displaying higher lows, and we do not anticipate a change in this trend at this juncture.
Summary:
In summary, our analysis indicates that the ASX 200 is undergoing an accumulation phase within an overarching bull market that commenced in October 2022. While we exercise caution and await a decisive move above 7313 to confirm higher prices, recent performance suggests a positive tone. Reclaiming the crucial moving averages and closing above the 7220 level could set the stage for a robust bullish outlook. We maintain optimism about the potential for the ASX 200 to reach new all-time highs before the conclusion of this year. It's important to stay vigilant and adapt to evolving market conditions."
Please note that market dynamics can change, so it's advisable to stay updated with the latest developments and adjust your trading strategy accordingly.
ASX200 to continue in the downward move?ASX200 - 24h expiry
Price action looks to be forming a top.
A Doji style candle has been posted from the high.
This is negative for sentiment and the downtrend has potential to return.
We look for a temporary move higher.
Further downside is expected although we prefer to sell into rallies close to the 7165 level.
We look to Sell at 7165 (stop at 7195)
Our profit targets will be 7025 and 7005
Resistance: 7150 / 7195 / 7245
Support: 7090 / 7000 / 6825
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AU200AU200 is approaching a prime area in which we may see some opportunities to get short on this pair. We have an area of liquidity sitting above the ray line in which we may wick to.
What I will be looking for here is price to break above the ray line, push back below on the H1 timeframe, followed by a continuation on the M15 for a risk entry.
AU200 Short-Med Term OutlookAnticipating short-term bounce to fill gaps, re-test 23.6% Fib zone & create opportunities for Short positions.
Selling 'should' re-commence in September to test lower range re: parallel channel, in-line with Market Seasonality.
Over-extension into Golden Fib Range could signal warning of more extreme market capitulation (~6400).
Depends on break-outs either side of current indecision candle/price action, TBC.
