Quote from Eko_Trader:
With a double top resistance met @ 1105, and now another immediate resistance around 88-ish. I have to agree with wave's 63 downside target. obviously that's if we don't blow through the 88.50 ceiling. I will take a short trade if the lowest trendline in the chart below is broken on the hourly chart.
A long position can also be taken here with a stop under the bottom trendline. I won't be taking that long position, because I don't like a long position in this market right now.
P.S: Keep in mind that the best trades are typically the most difficult trades
Good trading to all