NZDUSD Ride the Bullish Trend or Wait for Reversal
Planning to setup a good long limit orders after another bullish candle confirmation an hour from now, with 1st TP at previous day's R3 fib line (pink), and another TP few pips below the trendline (blue). Tight SL near R1 pivot line.
If no bullish candle confirmation after current candle, will wait for reversal confirmation candle before setting up short stop order.
W:
D:
If no bullish candle confirmation after current candle, will wait for reversal confirmation candle before setting up short stop order.
W:
D:
Failed to enter a short stop order last night when the reversal happened because I was already asleep, which is also a good thing. Else I could have been whipsawed again by the sudden volatility during the late NY session.