Possibly looking long up to levels 106.00 then possibly 112.00. However price will possibly move down to the monthly and weekly trend line
giving us the 3rd trend line
bounce. We would then seek bullish
momentum at this level. However, if price breaks below 102.00 and demonstrates bearish
momentum will then be looking for our short targets of 98.00-96.00. The red dashed arrow represents a possibility of price rejecting from this level and moving down in a ABCD formation. However, our upside targets are more preferable but we are prepared for both scenarios.