Aus200 opened strongly on Monday morning which broke through the significant barrier at 5790-5800 with ease.
the channel of 5650 - 5780 was trading since June 2017 and both bottom and the top of the channel got tested many times during the period of June and October as investors are also looking for new direction.
Finally, on 16Oct, it opened at 5831, 31 pips from the . It looks like we have got a new direction. Now, we are patiently waiting Aus200 to fill the gap 5800-5831 before going further again to 5880 and 5920.
Limit order set at 5801
SL at 5765 36pips
TP1 5880 79pips
TP2 5920 119pips
patience pays, happy trading!