These are the types of patterns that send strong reversal signals for a currency pair.
Here we have the EUR/NZD pair with an exhausted up-move that made a fake breakout above the 1.7600 level.
Today, the price started falling down with large momentum combined with a strong triple bearish RSI divergence.
Today's candlestick is also an engulfing candlestick so far, signaling sellers are jumping into the market quite fast.
Here we have the EUR/NZD pair with an exhausted up-move that made a fake breakout above the 1.7600 level.
Today, the price started falling down with large momentum combined with a strong triple bearish RSI divergence.
Today's candlestick is also an engulfing candlestick so far, signaling sellers are jumping into the market quite fast.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.