AUDUSD Kill Zone Price on the AUDUSD is moving closer into the kill zone on the daily chart. Price is an a down trend on this pair on the daily chart and is one of the few Forex pairs trending at all at the moment. Price has found the bottom and is retracing higher to retest the old support area …
NZDJPY Reject Price Action Gap With Pin Bar Reversal
When the NZDJPY opened on Monday morning it had formed a large Gap lower. Gaps can quite often act as support and resistance. When price moves up to test gaps, price can often produce reversal candles rejecting the gap and moving in the opposite direction. In this case price moved higher to test the …
CADCHF Bearish Engulfing Bar Smashes Very Big Round Number
The CADCHF has formed a large bearish engulfing bar (BEEB) on the daily chart. This BEEB is a huge engulfing bar that is smashing through a key area and making a break out of the Very Big Round Number (VBRN) of 0.9000 which has been a key level on this chart. Very Big Round Numbers often act as key …
