AUS200 has broken through the resistance line of a Resistance. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 28 days and suggests a target line to be around 7348.7002 within the next 5 days.
Related Posts
FTSE 100 breakout from a Triangle trade setup. Will it continue this trend to hit the target price?
This trade setup on FTSE 100 is formed by a period of consolidation; a period in which the…
Big movement possible on DOW 30 after a breach of 45564.9883
The price of DOW 30 in heading in the direction of 45702.3633. Despite the recent breakout through 45564.9883…
Nikkei 225 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Nikkei 225 was identified at around 43994.0 having recently rebounded of the support on the 4 hour data…