NZD/USD profit target reached perfectly, prepare to sell

Price touched our entry level and shot up absolutely perfectly to our profit target. We prepare to sell below major resistance at 0.7319 (Fibonacci retracement, horizontal resistance, Fibonacci extension) for a push down to 0.7224 support (Fibonacci extension, fibonacci retracement, horizontal swing low support) once again.

Stochastic (34,3,1) is seeing major resistance below 91% where we expect a reaction from.

Sell below 0.7319. Stop loss at 0.7344. Take profit at 0.7224.


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