The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This bearish engulfing bar has been printed on the daily chart after price stalled and formed an Inside Bar (IB) which is highlighted on the chart below. Although this is an engulfing bar, it is still inside the …
AUDUSD Caught in Wind-Up & EURGBP Breaks From 2 Day Pin Bar | 23 Oct 14
AUDUSD Caught in Wind-Up on Daily Chart The AUDUSD is caught in a medium term wind-up on the daily price action chart with the previous three weeks of price action all caught in a sideways box as sown by the daily chart below. Price has traded sideways in a tight box and moved in a tight …
EURSGD Engulfing Bar Breaks & Closes Below Daily Key Support | 22 Oct 2014
The EURSGD has fired off a Bearish Engulfing Bar (BEEB) that has now broken and closed below a key daily support level on the daily price action chart. This bearish engulfing bar finished close to the session lows with the selling continuing right through to the end of the session. As the daily …
