Last week we posted about the bearish engulfing bar on the GBPJPY. This came of to the downside and hit the recent support area. Notice how price fell into a very confluent zone where traders could look to take longs with Price Action. This level was the 50% swing point, rejecting the Very Big Round …
GBPJPY Forms Pin Bar/Engulfing Bar Against Trend
A lot of the JPY pairs have formed bearish bars on the daily charts. These bearish signals come against what has been a very strong uptrend. The GBPJPY has formed a Pin Bar/Bearish Engulfing Bar. This bar is quite small compared to the large move up. Trading against the trend can be littered …
EURUSD Closing in on Resistance
The EURUSD has been pretty quiet of late with no sustained move either higher or lower. Price now is getting close to the recent resistance area where traders could look to get short if big Price Action forms. Trading could be done on the 4hr or daily chart. Support comes in around …
