1) we had a large channel break and have run up steadily into 4 year old resistance (8800 area)
2) if resistance holds, I want do short below 8800 for 100-200 pips, maybe more but at least that. Then look for an entry long around the .8000 level
3) if this all plays out we could see 600-1000 pips of movement long term.
This pattern is huge and could take a long time to play out.
The short term opportunity is to short breaks as long as price stays below 8800, looking for 8650 and below as potential targets.