The GBPCHF has formed a Bearish Engulfing Bar (BEEB) on the weekly price action chart. This BEEB has formed rejecting a long term key resistance level that has been a proven key level. This is the same level I spoke about in the latest setup I posted about with the three day pin bar that sent price …
USDSGD Winding Up After Forming Bearish Engulfing Bar | 6th Dec 2013
Price on the daily price action chart of the USDSGD has begun winding up tighter and tighter after forming a Bearish Engulfing Bar (BEEB). The BEEB is rejecting a key daily resistance that has been a proven level on both the short and longer term. Price has been unable to break the BEEB low and make …
GBPCHF Forms False Break Pin Bar on 3 Day Price Action Chart | 5 Dec 13
The GBPCHF has formed a false break pin bar on the 3 day price action chart. This pin bar has been formed making a clear false break of the recent resistance zone and is also rejecting the longer term resistance. The chart below shows price pushing higher and moving into the key area before snapping …
