NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.59903 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.6047 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Tweezers Top’ chart pattern is found. The candles show ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.6047 – 0.60629 – 0.60575 – 0.60266 – 0.60191 – 0.59906 —
0.60165 – 0.59972 —
32.015444334078 – 32.595901202587 —
– —
0.6047 – 1770199200

Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top – Double bottom chart pattern – – – – – – – –