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The bulls are waiting for the breakout of the high of the AUS200

The bulls are waiting for the breakout of the high of the AUS200

Jan 05 2022

by Michael Wallenberg
Analyst AZA

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The bulls are waiting for the breakout of the high of the AUS200

The bulls are waiting for the breakout of the high of the AUS200 index

The AUS 200 Index has risen strongly in value since the opening of trading on exchanges in the new year. The price rose very quickly to its all-time high. As if under the ruler, the price touched it's high and moved down a little. In such situations, the most correct decision is to wait for the bulls to storm new heights. We placed an order to open a long position slightly above the high.

Symbol: AUS200
Order Type: Pending Order - Buy Stop
Entry Price at 7650
Take Profit at 7700
Pips Earning: 50

Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1310
GBPUSD buy at the price of 1.3560
BTCUSD sell at the price of 45500.00
USDCHF sell at the price of 0.9135

Trading tips for stock indices
The profit can be $500.00 if the trading volume of 10 Futures.

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