Australia 200Short
Do we continue the downtrend this week? AUS200
Do we continue the bear market this week? Or do we rebound?
I can see us dropping to new lows however in this current market anything is possible. My short is currently in a nice profit.. Using a trailing stop loss strategy with this one.
We will have to see what the Australian Government can deliver on a stimulus front, money printing is only delaying the inevitable at this current moment.. The 2Trillion stimulus package will have a short-term affect as the cases of COVID-19 continue to go parabolic in the US..
Let me know your thoughts below!
Remember to keep your analysis simple! I use a 14EMA and recent S/R zones to base my trading on, I then wait for confirmation candles in either direction to make my moves.. Building my patience has so far been my most challenging factor in trading..
Keep on the alert!
--
MNLZ
I can see us dropping to new lows however in this current market anything is possible. My short is currently in a nice profit.. Using a trailing stop loss strategy with this one.
We will have to see what the Australian Government can deliver on a stimulus front, money printing is only delaying the inevitable at this current moment.. The 2Trillion stimulus package will have a short-term affect as the cases of COVID-19 continue to go parabolic in the US..
Let me know your thoughts below!
Remember to keep your analysis simple! I use a 14EMA and recent S/R zones to base my trading on, I then wait for confirmation candles in either direction to make my moves.. Building my patience has so far been my most challenging factor in trading..
Keep on the alert!
--
MNLZ
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.