NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.60141 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.60473 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.60473 – 0.60756 – 0.6061 – 0.60141 – 0.60252 – 0.60387 —
0.60239 – 0.60370 —
35.727614370463 – 49.481913729823 —
0.60141 – 1770973200 —
0.60473 – 1770940800

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