AUS200’s July 4-9 swing moves have been responsible for creating recent buy side liquidity runs that reclaimed the 8000 psychological level!

As a result, my June 14’s long trade has exited in profit after holding for 28 days and 4 hours:

https://www.finlogix.com/analysis/20240607/aus200-intraday-analysis-and-trading-plan-for-june-7-2024

Correction, my lose streak is not 8 but 7 so this win has ended that lose streak to a new 2-7 win-loss record since January 18, 2022.

There are 2 Australian high impact economic reports this week on Thursday, the Employment Change and Unemployment Rate respectively.

Re-assessing AUS200’s high timeframe candles:

Yearly Candle: Last check is a Green Long-Legged Spinning Top now a Green Body with a Longer Tail Wick

Monthly Candle: Previous close is a Green Long-Legged Semi Doji current is a Green Body with a Longer Tail Wick

Weekly Candle: Previous close is a Green Body with a Slightly Longer Tail Wick current is a Green Spinning Top

Daily Candle: Previous close is a Green Body with a Longer Head Wick current is a Green Spinning Top

The AUS200 bulls have made an impressive run thanks to the July 4-9 swing low to high moves as our retracements’ points of view.

I’ve drawn out a lowering high trendline in which got broken through the swing moves and created buy side liquidity runs.

From then, the 3rd local high from the LH TL got backtested into a support and further slingshot the price higher reclaiming the important 8000 barrier.

With the presence of a new bullish 4H FVG, this plays an immediate buy zone if the AUS200 index wants to continue higher.

Today’s trade plan is to set a long limit order at least inside the drawn 4H bullish FVG with a stop loss placed at 7940 level only while the take profit is aimed at 8100.

Note: Finlogix pricing is set from the ACY Securities price feed, with liquidity being sourced by top tier banks via ACY Connect.

The AUS200 bulls are likely to send the index’s price higher this year.

All trade ideas I share are my own views and for my own trades only.

AUS200 Intraday Analysis and Trading Plan For July 15, 2024

Jul 15 2024

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