This trade setup on AUS200 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 7789.7445.
Related Posts
NAS100 is approaching 18223.2500. We expect either a breakout through this line, or a rebound.
NAS100 is en route to a very important line that will be a definite deciding factor of what…
Important price line breached by AUS200. This price has been tested numerous times before.
AUS200 has broken through a resistance line. It has touched this line numerous times in the last 4…
An unexpected large move has occurred on UK100 Daily chart! Is this a sign of something new? What can we expect?
UK100 rose sharply for 23 days – which is an excessively big movement for this instrument; exceeding the…