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 resistance level . 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!
評論: too bullish. it hit 5880 first without closing the gap. may consider entering a sell order at 5900 and 5920 to target the gap when Price Action shows sign of going down. lets wait and see.
評論: now we see a red candle. lets see if it will close the back then go up higher
評論: anticipating a long trade as the previous resistance at 5925 has become support, waiting for further confirmation
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