The 3-Bar Bearish Reversal Pattern
1 The middle candle is at the highest point
2 The two candles on each side have lower highs
3 The third candle closes below the low of the first candle
4 The entry is triggered at the open of the 4th candlestick or bar.
FIND YOUR OWN TP & SL
Analysis based on the downtrend. I believe that we are at the top of a 4HR swing in a downtrend. Therefore this gives me reason to short this pair down to the support @0.72. Tomorrow we have mid-high volatility news for the NZD. This will affect the chart but in my opinion, not too much. On Tuesday we have some high volatility news for the USD. Again, the same...