Weekly Trade Idea (21-25 Aug)
Technically BULLISH after last weeks break of channel (see last weeks idea)
price is currently sitting inside resistance zone
A break and hold above 103.60 is needed to continue trend.
Would like to see a rotation lower into the 103 area before going LONG again.
A rejection and close below 102 could make it
BEARISH
Upside and Downside Targets as per Chart
Technically BULLISH after last weeks break of channel (see last weeks idea)
price is currently sitting inside resistance zone
A break and hold above 103.60 is needed to continue trend.
Would like to see a rotation lower into the 103 area before going LONG again.
A rejection and close below 102 could make it
BEARISH
Upside and Downside Targets as per Chart