dojitrader

Risk/Reward Not Strong Enough . . . Unless ???

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FX:NZDUSD   Dólar Neo-Zelandês/Dólar Americano
3
With smart stops placed @ 1.13 fib ext of A to X
for either trade setup
and the likely hood that price could easily test recent
highs around .8850 will probably keep me out
Unless ---
The candlesticks provide an enticing short setup
with low risk = just in case I'm wrong and downside
continuation is still in this proposed 5th wave to
newer lows.
Wait~~~~Me wrong ?
More than my Psychology has yet learned to handle.
Thus, my favorite phrase:
You either suffer the pain of discipline or the pain
of regret. Pick a side !
I'll let you know. . . . LOL ~~~~~~~~~
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