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 …
Price Action Charts in Focus
GBPJPY Recap & USDCAD Pin Bar
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 …
USDCAD Recap
The Pin Bar that was posted in Charts in Focus on the weekend has now come of to the downside nicely. This has now given traders the chance to either take profit or move to break even. This setup was discussed fully in the members forum with many members being able to jump aboard. If traders …