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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.