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EUR/NZD on its way down after fake breakout

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Euro / New Zealand Dollar (FX:EURNZD)  
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FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EUR NZD EURNZD reversal Forex signal trade IDEA
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trendanalysis chartpattern beyondta eur nzd eurnzd reversal forex signal trade idea
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.

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