EURCAD Bearish Pin Bar The EURCAD has formed a small bearish Pin Bar on the daily price action chart. This pin bar has formed at the recent daily resistance zone that has previously sent price lower. The daily chart below shows that price has previously formed a pin bar at the same resistance that …
Price Action Charts in Focus
Dow Jones & S+P 500 Move Into All Time Highs And Form Daily Bullish Engulfing Bars | 14th Nov 13
Both the Down Jones and the S+P 500 have burst higher and closed at all time highs. Both these markets have engulfed their previous candles and created bullish engulfing bars (BUEB). In this case of the S+P 500 price has broken out of the recent consolidation that price had been stuck in and broken …
AUDCHF Shoots Lower After False Break Engulfing Bar | 13th Nov 2013
Price on the daily chart of the AUDCHF has moved lower and into the recent lows which has previously acted as a swing support. This move lower was kicked off by a large bearish engulfing bar (BEEB) that formed up at the high and was making a clear false break of the key resistance in this market. …
