Oil has formed a large an obvious Pin Bar on the daily chart. This Pin Bar is rejecting the key support for this market which has been tested recently with another Pin Bar. The recent trend in this market has been higher and taking long trades would be trading with this trend on your side. If …
What is Forex Trading?
What is Forex Trading? The word “Forex” is an abbreviation for the words “Foreign Exchange” and it’s the relative value of one currency versus another currency. The foreign Exchange market is the biggest market in the world with daily turnover (buying and selling) of up to 5 trillion dollars! A …
NZDUSD 8HR Engulfing Bar Price Action Setup
The NZDUSD has now moved lower after forming a bearish engulfing bar (BEEB) on the 8hr chart. The BEEB formed up at a solid swing high and was rejecting the logical recent resistance zone that had been critical in recent times for this market. This A+ price action setup was also with the recent …