The NZDUSD has smashed out lower and through the tight daily range with a huge 4 hour Bearish Engulfing Bar (BEEB). The daily range that price had been contained within had seen price stalling and trading sideways for the previous few months before finally making a strong break lower inline with the …
Price Action Charts in Focus
NZDUSD Forms 4hr Inside Bar at Bottom of Daily Range | 21 Jan 2015
The NZDUSD has formed a 4 hour chart Inside Bar (IB) at the bottom of a major daily range where price has now been contained for the previous three months. As the daily chart shows below; price on the daily chart was previously in a strong down trend making clear lower lows, but price has since …
EURNZD Retracing Back Into Major Daily Kill Zone | 20th Jan 2015
Price on the EURNZD is now retracing back higher into what could be a kill zone for traders to begin potentially hunting short trades on their intraday charts with the recent strong trend. The level that price is moving back higher into is a major level. This level has been a proven support level in …
