The daily chart of the USDJPY has formed a large Bearish Engulfing Bar (BEEB). This BEEB has formed at the near term resistance area. The low of this BEEB is now trading straight into near term support which is also a boxing/range area. If price breaks lower, the box low would have to be taken …
Price Action Charts in Focus
AUDUSD Pin Bar – Price Action Trading
The AUDUSD formed a daily Pin Bar on the last session of the week. This Pin Bar was created by price moving up to test the recent swing high, before selling of and moving lower to close near the session lows. Price has now moved lower into the near term support area and rejected the support …
AUDUSD Pin Bar: Sept 2012
The AUDUSD formed a very solid Pin bar on the 4hr Chart. Members were tipped off to this A+ Price Action setup before it had formed and price had dropped substantially lower by Johnathon in the members forum. This Pin Bar was with the recnt trend and at a logical pullback area to go …
