Howdy Steemers,
I am in this trade and have played once already. At the time of writing this it sits at $1.03900 my first strike at this was a week long hold. That trade started with a buy at 1.04400 and closed at 1.05400 it made it higher but my trailing stop loss was tight, as I am still on the fence as to if we are going to go to par or the 1.02000 bottoming range. At 1.03900 I decided to put another little buy. I feel that it is so close to the bottom that unless Australia turns into a Venezuela I feel my money is safe. At this point though the way the pair is fighting I feel its pretty range bound but consistent, so I am just 'scalping' on buys in hopes I get a punch through in the upward direction. Stop losses are tight I am A ok with 800-1000 pips for a couple of days with minimal risk and potential upside of more. I will keep y 'all posted
Regards
Cton
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!