Don't trade to just be in the market in the hope of catching a move down or up, against this is gambling and not trading. Set your position size based on where the stops are relative to the previous structure.
If you're a total beginner trading with real money just following other traders, firstly you are crazy, secondly, I wouldn't trade more than 0.25% in that instance, if I was happy just following others, always do your own analysis and within your own trading plan / account management.
Targets are obvious here:
Short term, I'm bullish to 112, the North edge of the channel and if we break out of the channel towards 114, then we're going much much higher towards 118 & 126.
Looking for an entry, wait for a pullback into the 110 zone and look to exit around 111.5, unless we blast straight through the North edge of the channel, we could easily reject that and head back down again, moving sideways until breaking out of the channel around 111 or we carry on back down towards 107, unlikely given the current fundamentals.