Buying ASX at market.

ASX200 - 22h expiry - We look to Buy at 7189 (stop at 7149)

We are trading at overbought extremes.
A lower correction is expected.
The bias is still for higher levels and we look for any dips to be limited.
Further upside is expected although we prefer to buy into dips close to the 7200 level.

Our profit targets will be 7294 and 7354

Resistance: 7340 / 7590 / 7800
Support: 7140 / 6965 / 6860

Risk Disclaimer

The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.

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