After posting about the Pin Bar Reversal on the daily chart in this blog, price burst higher to push into the resistance and round number of 1.0300. To see this previous post see Here: AUDUSD Pin Bar Reversal Once price broke the high of the pin bar it moved higher before reaching resistance and …
AUDUSD Pin Bar
The AUDUSD has formed a Pin Bar reversal on the daily chart. This Pin Bar is formed at a key support level and is well defined as well as sticking away from all other price. Price has been trading lower lately with all momentum to the downside. In the recent few days we can see price has been …
NZDCAD Bearish Engulfing Bar | Forex Market Commentary
The NZDCAD has formed a Bearish Engulfing Bar (BEEB) on the weekly price action chart. Whilst this BEEB is formed up at a nice swing high, there is a very close near term support level. If price is to make any more solid moves lower it is going to have to make a break out through this support …
