The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is formed against the recent up-trend but is rejecting a longer term resistance. For this engulfing bar to have any chance of moving lower and into the near term support level, it will have to break the …
AUDNZD Moves Lower After 8hr Bearish Engulfing Bar | 3 Dec 2013
Price on the daily chart of the AUDNZD has moved lower after price formed a Bearish Engulfing Bar (BEEB) on the 8hr price action chart. Price on the daily chart had been caught in a tight range for the previous few months with price unable to make a clean move either higher or lower, but last week …
XAUEUR Falls Lower After Pin Bar/ Engulfing Bar Combo | 28th Nov 2013
Price on the XAUEUR has moved lower after forming a bearish Pin Bar/Engulfing Bar combo on the 4hr price action chart. This combo setup was formed both with the strong 4hr trend and inline with the daily key resistance area at a key pullback area. Price had been moving lower on the 4hr chart before …
