Short EURUSD at 5 pips targe daily with limit order entry- month

EURUSD had peaked at around 1.2350 in Jan 2021 to drop to a low of 0.8535 in Sep 2022. In 21 months, it had dropped 30.9% or an average of 1.47% per month or 0.0182 or 182 pips a month or 9.1 pips per day assuming 20 tradings day a month. So after it had moved 9 pips, I should consider it over extended. Never thought of that.

This also mean that the entry price should be with limit order for sanity of mind and willingness to let it go. Esp if the price runs off and it's not filled.

This decline could be due to the Ukraine War. The move down was consistent and could have been overextended. The recovery to the new high of 1.1275 in July 2023. In 11 months, the recovery was for 2740 pips or 32%. On average, this is 2.92% or 249.1 pips a month, faster than the 1.47% monthly dip earlier. Assuming 20 calendar days, this is 0.15% or 12.5 pips a day.
So my expectations is daily movement of 9 to 12 pips. Then again, that was when eurusd was trending. It is now peaked and ranging so 9 to 12 pips would be generous. Perhaps, it would be more useful to target half of it like 4 to 6 pips a day with EURUSD. Limit order will be useful in this scenario and not to chase breakouts. My bias will be to short EURUSD.