The attached daily chart is kind of small with the purpose of showing you the major broadening Wedge Falling that was formed since April 2009 and got broken up last week, showing that a quite strong Bullish trend might resume.
On Broadening Wedge Falling formations, after the breakout prices tend to continue moving up so my strategy will be to enter LONG at any short-term pullback to the following support levels: 92.30 / 92.00 / 91.75.
But we have to take into account that a strong Bullish trend might resume. So another strategy will be to enter LONG at the break of the following resistances: 93.00 / 93.25 / 93.77.
My LIMIT for every long trade will be 97.75.
On Broadening Wedge Falling formations, after the breakout prices tend to continue moving up so my strategy will be to enter LONG at any short-term pullback to the following support levels: 92.30 / 92.00 / 91.75.
But we have to take into account that a strong Bullish trend might resume. So another strategy will be to enter LONG at the break of the following resistances: 93.00 / 93.25 / 93.77.
My LIMIT for every long trade will be 97.75.
