NZD/USD – 1H – SELL

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.57913964 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.58428 could happen.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.58428 – 0.58639 – 0.58441 – 0.57945 – 0.58108 – 0.5769 —
0.58349 – 0.58219 —
50.563579471302 – 38.655751757441 —
– —
0.58428 – 1781636400

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