The GBPJPY has fired off a bearish engulfing bar (BEEB) on the weekly price action chart. This beeb has a large wick on it that is engulfing the previous candle. Price on the BEEB has managed to move and close below the key weekly support level which could be critical for the direction of price in …
NZDJPY Breaks Pin Bar High & Rejects First Resistance | 4th Oct 2013
In yesterdays commentary we posted about a Pin Bar that had formed on the daily price action chart of the NZDJPY. You can read the original post here: NZDJPY Fires Off Pin Bar Reversal. As discussed in that post there was a minor resistance level that was sitting overhead this pin bar that was a …
NZDJPY Fires Off Live Daily Bullish Pin Bar | 3rd Oct 2013
The NZDJPY has fired off a live bullish pin bar on the daily price action chart. This pin bar is rejecting the recent support level. Price during the daily session moved down lower to test the support before snapping back higher and creating the pin bar. Whilst this pin bar is valid and is sticking …
