Well if my analysis is correct, i think we are trading in the 4th wave, it's pretty choppy isn't it :p. Anyways, let's come to the point. I expect it to go down, as the 5th wave should go south technically.
So technically she's a short, but the question== how much leverage do you use?
well i like the safe side 12% risk per trade, so i can use upto 200pips as SL,
Plan A (if you expect NFP number to be bad)
Sell @ market
SL @ 1.3300
TP @ 1.2900
Plan B (if your not sure about the actual and want to be on the safe side with 12% risk of trade)
Sell @ 1.3300
SL @ 1.3500
TP @ 1.3100
Good luck :)
So technically she's a short, but the question== how much leverage do you use?
well i like the safe side 12% risk per trade, so i can use upto 200pips as SL,
Plan A (if you expect NFP number to be bad)
Sell @ market
SL @ 1.3300
TP @ 1.2900
Plan B (if your not sure about the actual and want to be on the safe side with 12% risk of trade)
Sell @ 1.3300
SL @ 1.3500
TP @ 1.3100
Good luck :)