NZD/USD – 1H – BUY

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.60119494 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.60575 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.60575 – 0.60786 – 0.60922 – 0.60191 – 0.59901 – 0.60222 —
0.60496 – 0.60486 —
53.738574269637 – 53.191571570255 —
– —
0.60575 – 1770109200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – – – – – – – – –