yesterdays range was about 86 and the Average Daily Range over different periods u can see in the attached image below.
so i would say that taking 50 pips out of 86 is acceptable.
the previous trading month [22days] had a range of 158 so in comparison it's not much, about 1/3
so i would say that taking 50 pips out of 86 is acceptable.
the previous trading month [22days] had a range of 158 so in comparison it's not much, about 1/3
Attached Image