BundLong
Back the Bund
The bund is in an uptrend ( all 3 MAV moving up )
Look to enter with the trend on a pull back to an area of value
1. Prior Swing high now acting as support
2. Fib .5 - .618 retracement
3. 50 MAV acting as dynamic resistance.
Stop is at the prior swing low.
IF you wish to have a target you can set at the midpoint of the fib extensions .272 and .618
Your trigger for entry would be a candlestick rejection to the downside within this area of value......
Look to enter with the trend on a pull back to an area of value
1. Prior Swing high now acting as support
2. Fib .5 - .618 retracement
3. 50 MAV acting as dynamic resistance.
Stop is at the prior swing low.
IF you wish to have a target you can set at the midpoint of the fib extensions .272 and .618
Your trigger for entry would be a candlestick rejection to the downside within this area of value......
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