Sell NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.58388 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.58803 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick pattern is existing. 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’ going down is 82%.

Support & Resistance Price Range*
3rd High 0.59470
2nd High 0.58828
Next High 0.58803
Current Price 0.58538
Next Low 0.58470
2nd Low 0.58388
3rd Low

Download NZD/USD Signal Image

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