The GBPCHF has formed a false break pin bar on the 3 day price action chart. This pin bar has been formed making a clear false break of the recent resistance zone and is also rejecting the longer term resistance. The chart below shows price pushing higher and moving into the key area before snapping …
USDJPY Fires Off Daily Bearish Engulfing Bar | 4th Dec 2013
The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is formed against the recent up-trend but is rejecting a longer term resistance. For this engulfing bar to have any chance of moving lower and into the near term support level, it will have to break the …
AUDNZD Moves Lower After 8hr Bearish Engulfing Bar | 3 Dec 2013
Price on the daily chart of the AUDNZD has moved lower after price formed a Bearish Engulfing Bar (BEEB) on the 8hr price action chart. Price on the daily chart had been caught in a tight range for the previous few months with price unable to make a clean move either higher or lower, but last week …
