Australia 200: Pullback Presents Second Chance for LongsAustralia 200 CFDFOREXCOM:AUS200FOREXcomThe Australia 200 contract continues to trade above former horizontal resistance at 8627, with Monday’s pullback offering an improved entry level for longs looking to buy the breakout. Bullish positions could be established ahead of 8627, with a stop beneath for protection. The session high of 8727 looms as an initial test for longs, with a push above that level opening the door for further upside. While some like to use extension targets, the preference would be to wait for a clear topping pattern before exiting the trade. Others may prefer to adopt a target based on the desired risk–reward of the trade. Bullish price momentum is showing signs of picking up again, favouring a similar bias. Iron ore futures are also flying in Asia, likely assisting gains across the underlying materials sector. Good luck! DS