NZDUSD - He Who Hesitates

Was monitoring the Kiwi for a wave 5 down. It was a nice set up with technical resistance levels at the 200 EMA and the 50% and also close to the bottom of Wave 1.

i talked myself out of it by looking at the 1 hour chart where I figured there may be one more move up. Given no significant price indicator divergence.

However when I got up this morning I was thinking I should get at least something set at 7635 level as the 1 hour chart had a candle pattern (doji). News on the Kiwi was pending and since I was already in the USDJPY trade then I decide not to take it.

Certainly was the one that got away and would have made the money for the month. Hit the 127% extension within a few hours.

I need to show the bad and the ugly also as I had a few stops last week that I need to post