See the Daily chart below. We clearly see a Broadening Wedge Descending formed since March 2009. This indicates that a major Bullish Trend might resume.
Now check a closer snapshot of Dailies below. Prices found support at 89.14 area and didn´t manage to go lower. And we clearly see a Symmetrical Triangle inside this Broadening Wedge descending, along with a Bullish Engulfing last Friday Feb 12th.
Those are strong reasons to go LONG in the coming days. My key entry points are:
* LONG at 89.14 and 89.60 as support. For these entry levels the stops are at 88.56 price zone.
* LONG at break of 90.40; 90.92 and 91.28. For these entry levels the stops are at 89.55 price zone.
Those are strong reasons to go LONG in the coming days. My key entry points are:
* LONG at 89.14 and 89.60 as support. For these entry levels the stops are at 88.56 price zone.
* LONG at break of 90.40; 90.92 and 91.28. For these entry levels the stops are at 89.55 price zone.
