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ASX Trades - AVL Long IdeaDisclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome! Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July. A clear base has formed at the 0.041 level during this consolidation period. Trade idea will be validated by an increase in buying volume, causing a breakout above the consolidation pattern. If price retests and confirms the 0.050 level as support, and RSI is above 50, then I will enter the trade. Initial stop loss will be below the pattern, and targets will be the previous monthly open prices (the dotted blue lines). The 9EMA will act as a trailing stop when/if the trade is active. This is a swing trade, which I will hold for 1-3 weeks depending on the market's movements.
ASX:AVLLong
by Amjoinery
CSL.ASX_Bullish Breakout Trade_LongENTRY: 299.20 SL: 285.64 TP: 317.82 - ADX<25. Would like to be higher. - Daily RS +ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - Breakout of consolidation area on 6 Jul 2022 before going into another consolidation range. - Recovered well on 17 Aug 2022 after earnings indicating possible buyers still in play. - Entry today based on breakout and rebound off 10EMA and 20EMA with volume. Would like the rebound to be >3%.
ASX:CSLLong
by TRADER-WANNA-BE
$TPGTPG telecom LTD Bullish Case -Above the 2021 Yearly open. ( this is a weekly chart so need to view yearly chart to see 2021 YO) -MACD Bull divergence -MACD bullish crossover -Above the bo line (Breakout line on daily) Would like to see a pullback into the and below the breakout line to fake out all those who got long then starts the real breakout. the FED meeting is on the 27th and anther rate hike while expected will drive another leg down in short term on Stonks imo.. watching closely.
ASX:TPGLong
by gillman_hugh
$XLMUSDtXLM is currently trading around range low marked on the chart. My Trigger plan for this is a breakout of the falling resistance and a relaim of the 2021 Low. This would mean a deviation of the 2021 low and would be bullish imo. My targets are market o the chart are are essentially the Mid range and Range high. If it dosent break out above the falling res and reclaim the 2021 low then i have no interest. patience patience is the key here. size it right so it it fails you don't get wiped out or take heavy loss.
by gillman_hugh
2
$BTC short idea Plan and Trigger This is not a prediction this is a plan.. If this happens do this.. The plan here is IF BTC 1. breaks below PWO - Previous Week Open, 2.Breaks below rising Trendline, 3.Breaks below R2-H (Range 2 High(thats the trigger to go short with Targets marked on chart. Target 1 = R1-L (Range 1 Low) Target 2 = R2-Mid (Range 2 Mid) Notice the inefficient and fast move up noted on the chart. these usually get filled so if we trade in to this candle range i suspect a fast down move to follow.
by gillman_hugh
ASX Ideas - BSL Long Idea, Elliot WaveDisclaimer: I am a new trader, practicing Elliot Wave Theory on the ASX. I aim to publish these ideas for my own journalling, as well as to accept feedback from the community in order to help me learn. This is my analysis for BSL - Bluescope Steel Ltd. The ABC corrective wave seems to be over, so we can look forward to the 5-wave impulse move. Retracements (2) and (4) are likely to reach the 0.618 fib levels, while our target (5) is at the 0.618 fib extension of (1) to (3) and also the resistance level from previous highs. This is a swing trade that could take between 1-3 months to play out. Any thoughts and feedback are welcome!
ASX:BSLLong
by Amjoinery
4
$GAL $GAL.AXThis is how i would play GAL. So much to explain could do with a video. But anyway il try explain. Identified three ranges. R1 R2 and R3.. H=High, L=Low and Mid = Mid range. Price rejected R2 High and is currently consolidating between R2 H and R2 Low... Plan A looking for entry on retest of R3 H or deep to R3 Low. This level has not been retested yet. Will look for entry on 15 or 5 minute tf using the EMA cross and some sort of falling resistance break. T1 = 1.255 T2 = 1.330 If it trades below the MID range and holds im not interested and will have to re-evaluate.
ASX:GAL
by gillman_hugh
$92e Energy Limited92e currently trading below that important daily range low. Previously a move above this range low and re-claim saw the market move higher. Bullish Scenario: -Double Bottom -RSI Small Bull Div -MACD Big Bull Div Plan: looking for entry at @425 or below as i think it will be the backtest of this double bottom pattern that played out in the past. If market does not give this backtest then P2an 2 will be to buy the re-claim of that important daily range low @ 485 Protection: if market trade's below that double bottom @380 its time to jump ship and reevaluate the next plan.. A quick dip below 380 and re-claim of MAY 21 AYH level will give me a signal to enter again. Hope this helps.
9Long
by gillman_hugh