Shorted NZD/USD at 0.8078

Stop loss 0.8178. First target 0.7790 valid for 3 days.

In a downtrend and trading sideways. This is basically a short from the top of the range. Or what some traders call range trading. Simple enough, and if the market moves up against me, I lose 1R. My 1R is 0.0100. That is 100 pips. Otherwise my first target is 288 pips away or 0.0288. And that is?

2.88R then, my friends! The key to the kingdom? Risk small.