NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.60239 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.60616 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is found. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

0.60616 – 0.60570 – 0.60582 – 0.60239 – 0.60374 – 0.60274

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