On the 4 hour chart above, potential sellers can be seen around 106.51. While the price is still below this line, I'm still hesitant to enter any position, I choose to wait for rise towards 106.51, then pick a short position towards 105.15 or even lower. You could place a pending sell limit order at 106.51 stop loss above 106.80 and take profit at 105.15. On the way downwards, the key lines to look for include 105.75, 105.15 and 100.50. A break below these lines will push the price further downwards below 100.00.
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