In recent posts we have discussed setups on both the USDCHF and NZDJPY. I have had questions on both of these so in todays post I am going to recap these setups. USDCHF INSIDE BAR | 24 July 2013 The USDCHF had fired off an inside bar that was in-line with the recent strong down-leg and …
Price Action Charts in Focus
NZDJPY Bullish Engulfing Bar Rejects Support
The NZDJPY has formed a bullish engulfing bar (BUEB) on the daily price action chart. This BUEB is rejecting a support area and has closed in the upper 1/3 of the engulfing bar. This market is in sideways action at the moment like a lot of Forex pairs with price not in a clear trend either …
AUDUSD Engulfing Bar Break Out
The AUDUSD has broken out of the strong ranging box it has been in the the past few weeks with price in the last two daily sessions breaking out through the support and moving lower. We can see this pair like so many other Forex pairs right across the market lately has been in a tight range and …
