The AUDUSD has moved substantially higher on the back of the Bullish Engulfing Bar setup we discussed in this blog live yesterday. To read that post please go HERE. Price has now erased 6 days of losses in this pair in the last two sessions. This highlights just how big the move higher has been in …
Price Action Charts in Focus
AUDUSD BUEB
The AUDUSD has formed a Bullish Engulfing Bar (BUEB) on the daily chart. This BUEB is against the short term trend, but has formed sitting on a solid support level. If price can break higher price may move into the next resistance. If however price moves lower we would look for the downtrend to …
EURCAD Price Action
The past week on the EURCAD has seen price move very slowly with not too much happening. Price is sitting underneath resistance and is also struggling to move lower. Price formed a 2 Bar Reversal last week which indicated lower prices may be on the horizon. Since then price has also formed a …
