NZD/USD – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.58603 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.59235 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.59235 – 0.59223 – 0.59287 – 0.58147 – 0.58397 – 0.58492 —
0.59085 – 0.59200 —
56.050421030404 – 54.583416919873 —
– —
0.59235 – 1777305600

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