This is a swing trade of a few weeks to months. With our fundamental view we are looking for entry opportunities preferably pullbacks for better risk reward opportunities.
1st entry: 87.530
Stop loss: 88.700
1st target: 82.300 area (1:4.5 risk:reward)
2nd target: 75.000-75.500 area (1:10.5 risk:reward)
If stop loss is taken out, then we will look for top of the channel for entry opportunities. We will also be adding to our position as the trade starts going our direction and use each pullback opportunities to add to our position.