The CADJPY formed a solid Bearish Engulfing Bar (BEEB) on the daily chart last week. Once price broke the low of this BEEB price sold of heavily. Price has now reached the near term support area. Traders who took this setup have now had a chance to take profit or at the monimum move to protect …
NZDUSD Pin Bar/Engulfing Bar Combo
The NZDUSD has formed a Pin Bar/Engulfing Bar combo. This setup has formed at what was previous resistance. This previous resistance is now looking to hold as new support. If this support can hold the NZDUSD pair my creep higher into the major resistance. NZDUSD DAILY CHART - 21 SEP …
USDJPY Engulfing Bar
The daily chart of the USDJPY has formed a large Bearish Engulfing Bar (BEEB). This BEEB has formed at the near term resistance area. The low of this BEEB is now trading straight into near term support which is also a boxing/range area. If price breaks lower, the box low would have to be taken …
