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
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