(Click on the daily attached chart to enlarge it)
The Morning Star formation confirmed by the long Bullish day last Friday Sep. 04th, formed at the bottom of a major Bullish Channel, at the important support level 131.40/50, with Stochastics at oversold area and turning up, all favour the Bulls.
On a short-term analysis the 30-minute chart shows a beautiful Broadening Wedge Descending that also favours the bulls.
But some correction down is expected. 132.95 price zone is an important resistance area.
So my strategy is to enter LONG at any of these support areas: 132.55, 132.30 and 132.10. All with targets 133.90, 134.50 and 136.00.
If you will trade the opening of this week (Sunday evening...), a quick SHORT move is expected. So enter SHORT at break 132.90 with STOP 133.03 and LIMIT 132.70
