NZDCAD has formed a bearish rejection at both a long term and short term resistance level. This rejection candle does not have a big enough nose to meet the requirements to meet the criteria for a valid pin bar. You can read the criteria for a pin bar here: Trading The Pin Bar Reversal. If this …
AUDNZD Daily Price Action Chart Forms Bearish Engulfing Bar | 6th Nov 2013
The AUDNZD has formed a bearish engulfing bar (BEEB) on the daily price action chart. This BEEB is a large and is engulfing the previous two candles. This engulfing bar was formed when price moved higher to test the key resistance and then slammed lower when the bears gained full control and took …
USDCHF Moves Into Daily Key Level and Fires 4hr Pin Bar | 5th November 2013
The USDCHF moved into a key daily resistance level in the last session to try and move higher. This resistance level has been a proven key level in the past and has acted as both a proven support and resistance. At this key level price fired off a pin bar on the 4hr chart. This 4hr pin bar was …