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AUD:NZD - Trading Range Strategy

AUD:NZD - Trading Range Strategy

Hi everyone,

In the video below I discuss an approach to strategy for the recently established trading range in Aussie: Kiwi

When I reviewed the video I realised that I've committed the cardinal risk management sin. I didn't talk about placement of the initial stop loss. A standard approach would be to place it behind the latest trend peak at the resistance line

[youtube http://www.youtube.com/watch?v=Ra9SX65A0vY]