This is a candlestick pattern, as you can see the evening shooting star pattern has completely formed which i can say a good confirmation of sell trade. although we had a breakout of our previous resistance line which was gonna be a buy confirmation but the evening shooting star formed a little above the breakout which holds that sellers are still gaining momentum...
NZDUSD 4HR CHART HAS PRODUCED A SIGNIFICANT REVERSAL CANDLE.... YEAH YOU GOT IT RIGHT THE HAMMER, ALTHOUGH THIS HAS NOTHING TO DO WITH ANY PREVIOUS PRICE ACTION ACCORDING TO MY ANALYSIS BUT STOCHASTIC HAS GIVEN IT'S OWN BUY CONFIRMATION, NZDUSD HAS ALREADY STARTED IT'S BULLISH MOMENTUM AS YOU CAN SEE THE NEXT CANDLE AFTER THE HAMMER IS A CONFIRMATION OF IT'S NEW...
EURNZD HAS FORMED THE BEARISH ENGULFING CHART PATTERN, IN ACCORDANCE TO STOCHASTIC IT HAS REACHED THE OVERBOUGHT REGION GETTING SELLERS READY TO GET INTO THE MARKET. INLINE WITH FIBS, IT FORMED THE BEARISH ENGULFING PATTERN IN A SIGNIFICANT AREA, GET INTO THIS TRADE AND SET SL TO BE -30PIPS TP TO BE OVER A 100PIPS
4HR AUDJPY HAS FORMED A DOUBLE BOTTOM PATTERN, ON THE CHART WE CAN SEE THE FORMATION OF THE BEARISH ENGULFING PATTERN WHICH IS A GOOD CONFIRMATION TO GET IN SET SL -30, SET TP +80