we will short half way down after weakness or signs of reversal (1st target)
and trace further down if the weakness is continuing (2nd target).
This is a straight, plain, simple and stupid trend following technique.
From higher trend to lower trend.
Stay put, keep calm.
>> partially closed half position > return 1%
you might consider moving your stop
either to 110.25 (just before buy/sell level of the minor trend)
or to 110.40 (top of the bar before the outside bar).
Price might bounce, price might stall, price might fall.