NZDUSD is fast approaching strong resistance at 0.7341 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level to push prices down to 0.7250 support (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
i agree with this idea...the major resistance on 0.7341 is the ending area of wave 1 and take profit area for sell position is the ending area of wave 2