NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 0.58718994 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.58875 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish Harami’ chart pattern is discovered. The candles form ‘Bearish Harami’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

0.58738 – 0.58742 – 0.58875 – 0.58452 – 0.58146 – 0.58172 —
0.58604 – 0.58804 —
48.764919692774 – 64.728746396083 —
0.58452 – 1779381000 —
0.58738 – 1779366600

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Harami – – – – – – – – –