The USDCAD has formed a bearish engulfing bar (BEEB) on the daily chart. This BEEB is formed up at a swing high and rejecting a solid resistance level. The major problem for this setup is Very Big Round Number (VBRN) of 1.000 that sits just below this BEEB. If price can solidly move through the …
EURGBP 2 Bar Reversal
The EURGBP has formed a Bullish 2 Bar reversal on the daily chart. This pair is showing very interesting signs on the daily chart. Price has sold off from the recent highs and now formed a reversal signal rejecting the low. Price is trading back into an area that in the past has …
AUDNZD 4HR BEEB
Price has moved lower during the recent sessions on the AUDNZD after priced formed a solid bearish engulfing bar (BEEB). This BEEB ticked a lot of boxes such as: - At swing high (value area) - With the strong trend - At an obvious key resistance level. Once price broke through the low of …
