NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.58925 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.59223 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.59223 – 0.59193 – 0.59203 – 0.58718 – 0.58956 – 0.5876 —
0.59103 – 0.59110 —
46.238451983776 – 51.272018075545 —
– —
0.59223 – 1776855600

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