No position or limited order place at this time. This in on my watch list as a potential long entry set up. Long postion on chart is purely hypothetical.
The problem is the idea entry could be at current price
NZDUSD
or he 90 pips lower. 4H chart had a pinbar, but lack luster moment following it.
1D:
Can see from 1D, NZDUSD is at support, but the support is weak. Could hold, but it could also break and fall to stronger support.
I'm holding off for now and waiting for further confirmation.
The problem is the idea entry could be at current price
NZDUSD
or he 90 pips lower. 4H chart had a pinbar, but lack luster moment following it. 1D:
Can see from 1D, NZDUSD is at support, but the support is weak. Could hold, but it could also break and fall to stronger support.
I'm holding off for now and waiting for further confirmation.
