Short BUNDS | Swing Trade | 1 AUG 2017

JoshWinter
JoshWinter

Bunds have broke the down trend line and are now testing the same down trend line it broke below. You will see this alot in markets where a trend-line or other level is broke then a re-test occurs and then continuation. We also have horizontal resistance along with the 100 and 200 MA so there are a few things lining up here to trigger a short entry. Not shorting yet waiting for price to confirm the move.

https://www.tradingview.com/chart/DE10YBEUR/63oaIvzp-BUNDS-are-approaching-overhead-resistance/

Always a Student. B)
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