The reason why someone could sell here, and why kiwi sold over here is relatively simple. If you'd have traded the past few days, you would've noticed that 1.2428-30 is a pretty good S/R zone, it failed to cope with it a few days ago (both as support an resistance) and is taken in account (historically) as a minor S/R zone.
If you do the math on that, and add the low volumes of today in the equation, you'd see that the chances are pretty slim it will cross it.
There's a logic in everything, and if it does cross it ... hey, it's 15 pips. If it doesn't, i might be a fall during NY tonight, and it would reach to 1.2360-80 ... now hey, that's 65-85 pips. At a R:R of at least 4, I'm comfortable with a loss.
If you do the math on that, and add the low volumes of today in the equation, you'd see that the chances are pretty slim it will cross it.
There's a logic in everything, and if it does cross it ... hey, it's 15 pips. If it doesn't, i might be a fall during NY tonight, and it would reach to 1.2360-80 ... now hey, that's 65-85 pips. At a R:R of at least 4, I'm comfortable with a loss.
Please, just slap me around if I'm being silly ...