The EURNZD has formed a a two bar reversal from a double top on the daily price action chart. The recent trend has been higher but two bar reversals are reeversal signals and this has the potential to push price lower. If price can move lower the next support level comes in around the 1.6050 area …
USDCAD 2 Day Engulfing Bar Price Action Signal
The USDCAD has formed a bearish engulfing bar (BEEB) on the two day price action chart. You can read more about how to trade engulfing bars here: Engulfing Bar Tutorial. This BEEB has formed right up at the swing high and is rejecting resistance. This pair has been a bit all over the place of late …
AUDUSD Pin Bar & Oil Price Action
AUDUSD | 30 MAY 2013 The AUDUSD has formed a bullish rejection Pin Bar Reversal down at a swing low on the daily chart. This Pin Bar is right down at the extreme low and sticking out and away from all other price how we like to see rejection candles, however this setup is highly counter trend. …
