NZD/USD – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.58814482 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.59481 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.59152 – 0.59481 – 0.59066 – 0.59071 – 0.5848 – 0.58572 —
0.59451 – 0.59315 —
57.680410327575 – 48.660466943968 —
– —
0.59152 – 1772787600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –