Dislikedwhat's your stop level for your 3 shorted level? If i were you, i may close the 0250 at 0290 cos i guess it wrong.
Will you enter another short now? interesting to know.Ignored
well, i dont really put stop loss as it has come to the previous high in 1984(close but still not there), but my target is parity, as AUS is a commodity currency, like thos big investors jim and mark are having affair with all commodities... but long at these level does look risky(my opinion)
yes, i will add more shorts if it went through 0350 level (i missed it... went out for dinner.... ) dont forget, almost high will always have a decent retracement (not sure by how many pips, but usually <i said USUALLY> about 500pips) in order to break the previous high... but i am pretty sure aussie will hit 1.09... if you need a better view, just check the AUS index, this will give a better view....
Logics do not apply in FOREX