Trinnisia_Trades

AUS200 as expected is trying to break the 7620 resistance

FX:AUS200   Indice S&P/ASX
Today AUS200 tried to break a stong resistance at 7620. The market is not ready to drop just yet. It could be here for a while, possibly trying to go up once again to 7595- I doubt it will go higher than 7620.
The momentum is still there. On Monday is holiday in Australia and we expect some inflation news next week that might affect the market.
I am planning to open sell position around 7600, waiting for confirmation.

This is only my analysis, not a trading advice. Trade carefully
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.