Two shorts

Here are a couple of resistance levels that are just about to be revisited.

Again, price could reverse there OR could spike through it one day and wick down the next day OR fly through that level as if it was not even there.
Trade accordingly.

Long looks good for now but those would be my spots for a short.

Note

Just got out of this one.

It was a long. It might go higher but price is at a "bumper" right now and that's it for me.

I did not put it in my arrows but there is a possibility price might stop at this level to at least consolidate and pull back.

That being said, I am not planning to jump in a short right now as the NZD is getting "pounded" right now across the board. I have a small position long in NZDUSD but it is a very small position and it is on the aggressive side. mostly for a shorter term reaction. Some of those work... some of those don't.

The reversal under the diagonal worked well for this pair... but sometime price keeps down. I did not have a big position on this one as the long entry was in a precarious position based on the old saying: Enter where the other traders put their stops. Easier said than done but the RR is great when it works.

Note

There was a nice 69 pips reaction when price hit the green pivot.
I was not in this one but it would have been a good trade for those trading heavy money day trading.

I do have a couple more areas where price could either react for a nice quick short trade OR turn around for a big drop.

Price has some momentum but we are heading into some relevant bumpers.

edumas2

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edumas2