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 …
USDCHF & NZDJPY Recaps
In recent posts we have discussed setups on both the USDCHF and NZDJPY. I have had questions on both of these so in todays post I am going to recap these setups. USDCHF INSIDE BAR | 24 July 2013 The USDCHF had fired off an inside bar that was in-line with the recent strong down-leg and …
NZDJPY Bullish Engulfing Bar Rejects Support
The NZDJPY has formed a bullish engulfing bar (BUEB) on the daily price action chart. This BUEB is rejecting a support area and has closed in the upper 1/3 of the engulfing bar. This market is in sideways action at the moment like a lot of Forex pairs with price not in a clear trend either …
