NZD/USD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.5906 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.5964 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.5964 – 0.59152 – 0.59481 – 0.59206 – 0.59071 – 0.5848 —
0.59241 – 0.59466 —
46.627910140712 – 58.54991942764 —
– —
0.5964 – 1773172800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –