Disliked{quote} It's been going up the past few days, but generally the NZD will go where the RBNZ wants it to go.Ignored
I shorted 0.7431, but am expecting a squeeze up to .75 or so ... which may or may not happen. If it does I'll add a bit more. Just above where I shorted is some technical resistance (confluence of M pivot and W R1). My SL is above 0.76, which is the weekly R2. I've calculated its historically about a 12% chance of the H > R2 for any week, and only a 27% chance if its an up week. So overall low probability of SL getting hit for the week.
I use a wide SL and occasionally add, as its very very hard (at least for me) to pick an entry with tight (< 30 pip) SL. Hence the wider SL, but lower leverage for initial position (about 1:1).
Regards,
EZ