The GBPCAD formed a very solid Bearish Engulfing Bar (BEEB) on the 4hr time frame overnight. This BEEB formed at a very key level and with the recent down momentum. If price moves lower it could fall into support around the recent lows at 1.5750. If however price goes higher we may see a new …
EURNZD Chance to Short?
The EURNZD has been in a solid downtrend in the recent weeks. The best play for Price Action traders is to look to short with this trend in their favour. There is an old support area around 1.5670 that if price can retrace back higher to, we would look to hold as new resistance. This may also be …
Oil Pin Bar Recap and EURUSD Smashed
The Pin Bar that this blog posted yesterday as it was produced was the catalyst for price moving lower during yesterdays session. Once price broke the low of the Pin Bar price got a move on and closed well lower. If price continues to fall we could see the recent lows come into play in the near …