We see price has blasted through recent outside returns/ structure, and I'm starting to form a bias on the hourly. The most recent pop affords us an opportunity to hop on the way down.
What was frustrating was, I couldn't get my stops above the recent swing without blowing up my maximum risk on the trade. I elected to employ a 2 ATR stop above the tip of structure at the left leg of the where originally went overbought. I will roll my fib targets if we go higher.
Target one is at the .382 retracement, about 103.952.
Target two is now at the .618 retracement, about 103.414