I'm still holding one long entry from 101.35 based on this chart: . I will be looking to exit my long and enter a short when price hits the 103.7X/8X region. Price managed to hit 103.4X today and has since retraced back down to 103, which seems to be holding as support for now. Hopefully with enough bull power, price will test the 103.7X/8X region to allow for possible short entries.
Given the previous support region of 103.8X up to 104.2X, I'd set my SL above 104.3X (~50 pips).
Targets depend on how markets react, do we range or do we continue trending down?
Ranging markets would set the TP at the low to mid 101. XX region.
Trending markets would set the TP below the 100.8X level.
Entered a short as well at the same time of exiting the long, at 103.80. I may decide to add more around 104 (manually, not setting any pending orders at this time).