Friday morning we posted in the "Charts in Focus" about the possibility of a short trade on the USDCAD. We identified an area that traders could target for shorts if Price Action presented. Price Action did come traders way in the form of a Bullish Engulfing Bar. Price has since moved lower …
Price Action Charts in Focus
NZDJPY Closes Below Key Area
The NZDJPY has fallen lower and closed below a key support area overnight. Price Action traders can now look to sell on any signs of strength or rotations higher into the old support area which we would now look to hold as new resistance. NZDJPY DAILY …
NZDJPY Hits Level and Sells Off
The NZDJPY level that we covered previously in charts in focus was tested during last nights session. Price tested these recent lows which held as resistance before selling of hard as we though it may. The 1hr chart shows how price retraced right to this area before selling …
