The AUDNZD has formed double inside bars on the daily price action chart. After forming a large bearish engulfing bar (BEEB), price has been unable to break either the high or low of the engulfing bar with price starting a windup and forming 2x inside bars back to back. As I talk about in a trading …
NZDCHF Fires Off False Break Pin Bar Reversal | 30th Mar 14
The NZDCHF has fired off a counter trend bearish false break pin bar reversal on the daily price action chart. This daily pin bar is making a clear false break of a resistance level that has been a major proven resistance level many times in the past. Price has made a very fast and aggressive run …
Gold Drops Lower From Bearish Engulfing Bar | 28th Mar 2014
Gold has now moved lower after forming a large and commanding bearish engulfing bar (BEEB) on the weekly price action chart. After breaking the low of the BEEB on the weekly chart and confirming the setup price moved lower and is now moving lower into the near term support levels. Sitting just under …
