| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| AUS200 | 4088.1 (Sell) | 4074.2, 4081.2, 4098.8 | 4014.1 | 4116.2 |
AUS200 Index Chart (15min)- Analysis time: 17:30 pm
Commentary
Hi!, Resistance Levels for Australia 200 index on a 15min time frame. I will go short around 4088.1. As the market retraces to Key Levels I will use RSI and other indicators to confirm my position. See you soon!
AUS200 Index Chart (15min) - Result time: 18:40 pm
Commentary
Hi!, Our Fibonacci levels were well respected. As the market bounced from our main resistance level 4088.1 as you can see on the graph (first cicle from the left), and then a downtrend right to the second cicle. Notice how the market then went up right to our key level 4098.8 (see the third circle on the chart) which is our next resistance level after 4088.1. This is an examle of good trade. thanks!
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