The AUDNZD has formed a Pin Bar reversal on the daily chart. This is not the best Pin Bar that could have formed here because it did not form right up at the high and stick out like we would like. The other main problem with this Pin Bar is it has formed with support very close below. If price …
Price Action Charts in Focus
Silver Recap
In a previous post we discussed how price on Silver had broken out of a tight range, and a move back higher to the low of this range could have been a chance to get into the new down trend. To read that post see here: Silver Break Out Silver did move back higher into the old support area of the …
GBPCAD Engulfing Bar
Overnight the GBPCAD fired off a massive Bearish Engulfing Bar (BEEB) on the 4hr chart. This BEEB was extremely large and as we know big candles equals big momentum. Once the low of the BEEB was broken, price smashed lower to break the recent support levels. The traders who entered this setup …
