The NZDCHF has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB has a very long wick on it that is protruding up and through the resistance and making a false break. A false break is made when price pushes through a level and snaps back to "fake out" the market to …
NZDCAD Forms Bearish Rejection at Key Resistance | 7th Nov 2013
NZDCAD has formed a bearish rejection at both a long term and short term resistance level. This rejection candle does not have a big enough nose to meet the requirements to meet the criteria for a valid pin bar. You can read the criteria for a pin bar here: Trading The Pin Bar Reversal. If this …
AUDNZD Daily Price Action Chart Forms Bearish Engulfing Bar | 6th Nov 2013
The AUDNZD has formed a bearish engulfing bar (BEEB) on the daily price action chart. This BEEB is a large and is engulfing the previous two candles. This engulfing bar was formed when price moved higher to test the key resistance and then slammed lower when the bears gained full control and took …
