Reason for the trading strategy (technically):
Price has dropped strongly after breaking out of our major support-turned-resistance line at 111.02 ( , horizontal overlap support) and has started to make a pullback to our entry area once again. This is a good opportunity to get into the trade once again for those who missed the first breakout. We look to play the drop to at least 109.49 ( , horizontal overlap support, ).
(55) has made a recent exit which is in line with the exit we’re seeing in price.