This week we covered two setups as they formed on the daily charts of the EURGBP and USDCAD. EURGBP DAILY CHART Earlier in the week we discussed a live 2 bar reversal that had formed on the daily chart of the EURGBP. To read that post see here: EURGBP 2 Bar Reversal. From this setup …
Price Action Charts in Focus
USDCAD Bearish Engulfing Bar
The USDCAD has formed a bearish engulfing bar (BEEB) on the daily chart. This BEEB is formed up at a swing high and rejecting a solid resistance level. The major problem for this setup is Very Big Round Number (VBRN) of 1.000 that sits just below this BEEB. If price can solidly move through the …
EURGBP 2 Bar Reversal
The EURGBP has formed a Bullish 2 Bar reversal on the daily chart. This pair is showing very interesting signs on the daily chart. Price has sold off from the recent highs and now formed a reversal signal rejecting the low. Price is trading back into an area that in the past has …
