We have had a double top with a deep retracement approaching the .764 fibonacci level. For me, this signals a buying opportunity as the market might be ramping up to put in new structure highs. Buy at market and set stops to 107.941 and target at 114.277. This idea is based on 2618 trade strategy from www.tradeempowered.com so head over there if you want more info about that strategy.
Trade active:
This trade is still on but running red. Stops haven't been reached yet and price action is still retesting previous structure lows. We still have potential to win on this one though so hold on.