I've opted not to enter NZDUSD on any time frame greater than 1H (at this point in time). I think and important part of trading is about deciding when to jump in and when not to. There may be opportunities on 15 min time frame, which I'll be tracking.
ETHUSD Update: Major support at 246 area is broken. A sign of continued short term weakness ahead. I am still bullish long term. During these type of corrections within a larger bullish trend, it can be very easy to get sucked into buying too early, especially when very opinionated. One less bearish observation that I can make about the current price action is...
ETHUSD has broken 273 (the .382) support from the major bullish trend on the larger time frame (See large red arrow). The bullish trend is still intact in my opinion, but this support break confirms short term bearish momentum. Situations like these are very conflicting since the larger time frame presents a bullish condition while short term selling weighs on...
The aussie loonie is being absolutly loonie at the moment. Any trade taken on this pair for the foreseeable future is as good as a coin flip! If your into gambling and don't mind losing all your cash I would play to a bullish bias with a 1.03 target for short term, but if your are sensible stay out of this pair until the whipsawing around resolves itself. To...