NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.59903 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.6047 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.6047 – 0.60629 – 0.60575 – 0.60266 – 0.60191 – 0.59906 —
0.60213 – 0.60227 —
38.544585564147 – 38.695730941168 —
– —
0.6047 – 1770199200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Double top chart pattern – – – – – – – –