What is Forex Trading? The word “Forex” is an abbreviation for the words “Foreign Exchange” and it’s the relative value of one currency versus another currency. The foreign Exchange market is the biggest market in the world with daily turnover (buying and selling) of up to 5 trillion dollars! A …
NZDUSD 8HR Engulfing Bar Price Action Setup
The NZDUSD has now moved lower after forming a bearish engulfing bar (BEEB) on the 8hr chart. The BEEB formed up at a solid swing high and was rejecting the logical recent resistance zone that had been critical in recent times for this market. This A+ price action setup was also with the recent …
CADJPY Inside Bar & USDCHF Pin Bar Recap
CADJPY Inside Bar The CADJPY has formed an Inside Bar (IB) on the daily chart. Over the last few months we have made many posts about the strong trend that has been in place on most of the JPY pairs. This trend higher has been in full flight and other than a few pauses, it has been unstoppable We …
