Extremely Bearish on NZD/USD Pair

Zoom out on the weekly chart, we can see the market of NZD/USD is extremely bearish.
1. There are two bearish pennant in the chart, indicating bearishness.
2. Sto-RSI shows oversold in 4hr. Perfect timing for enter the trade

Entry $0.58806
SL $0.594
TP1 $0.55 Zone
TP2 $0.49 Zone

Feel Free to drop the comment if you have different opinion.