The breakout of AUS200 through the 7239.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of AUS200 to test 7354.5000 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
DAX 40 – It’s perhaps in these huge moves where the greatest opportunity lies
DAX 40 has experienced an extremely big movement in last day. It may continue the trend, but this…
Extreme movement experienced on CAC 40. Check this chart to see what to do next
CAC 40 experienced an extremely large move that lasted 17. This movement is in the 2.0 percentile and…
Nikkei 225 – breach of a trending support line that has been tested at least twice before.
This trade setup on Nikkei 225 is formed by a period of consolidation; a period in which the…