Looking for a move lower to develop soon to target the 101.84 level at minimum. There are many levels to the downside that could be targeted if price action breaks down below that level. With that said, being short here makes a lot of sense.
Adding to our short position at the current levels of 103.7 while still targeting the 101.84 level to the downside.
Trade closed: target reached:
Price action took the long way, but we patiently awaited our target level to be hit at 101.84. Took a few days longer than expected....