The price action on silver formed a false break Pin Bar reversal on the daily chart. The Pin Bar was against the trend, however this market was due for a pullback after such a large move higher. When the low of this Pin Bar was taken out, price cruised on lower into the near term support area. …
Price Action Charts in Focus
CADPY Engulfing Bar
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 …