The EURCAD has started to wind up and has now formed an inside bar (IB) with the daily charts candle having the low and high being fully contained within the previous candle. Price has been roaring higher on this pair since it broke out of what was a very tight ranging box area. Price had been …
Price Slams Lower After Engulfing Bar on AUDUSD | 30th Oct 2013
Price has rocketed lower on after forming a large and commanding bearish engulfing bar (BEEB) on the daily price action chart of AUDUSD. This price action signal was posted as it formed in this blog and you can read the original blog post here: AUDUSD Fires off Solid BEEB. After breaking the low of …
GBPCAD Daily Counter Trend Pin Bar | 29th Oct 2013
The GBPCAD has fired off a small counter trend pin bar on the daily price action chart. This daily pin bar is against the very strong recent up-trend and is small when put in comparison to some of the very large and commanding candles that were made in the up-trend on the move higher. Whilst trading …