NZD/USD – 30M – SELL

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.56871642 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.56979 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Concealing Baby Swallow’ candlestick chart pattern is discovered. The candles show ‘Concealing Baby Swallow’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Concealing Baby Swallow’ going down is 75% (Bull Market).

0.56979 – 0.57062 – 0.57267 – 0.56864 – 0.56936 – 0.56764 —
0.56900 – 0.56898 —
43.686298059198 – 39.772237478755 —
– —
0.56979 – 1783438200

Trading Signals: FOREX – NZD – NZD/USD – USD – Concealing Baby Swallow – Rising Wedge Chart Pattern – – – – – – – –