Nice idea on NZDUSD and there may be bearish bias as you have identified. The first resistance that we have identified is at 0.6633, which lies below the upper limit of your stop loss. It is a horizontal overlap resistance, with a 100% Fibonacci extension and 50% & 76.4% Fibonacci retracement. Stochastic is approaching its resistance at 97.8% where a potential reversal could occur. If a potential reversal does occur, we may want to look at 0.6559 support level. It is a horizontal swing low support with a 38.2% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.