The breakout of AUS200 through the 7873.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUS200 could test 7895.0000 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
NAS 100 formed a Flag on the 4 hour chart. Retest of support in sight.
NAS 100 is heading towards the support line of a Flag and could reach this point within the…
US 500 likely to test 6308.3198 in the near future. Where to next?
US 500 is en route to a very important line that will be a definite deciding factor of…
CAC 40 formed a Channel Up on the 1 hour chart. Retest of support in sight.
The movement of CAC 40 towards the support line of a Channel Up is yet another test of…