Gold has overnight produced a small Bearish Engulfing Bar (BEEB) on the daily chart. This BEEB is small but is also formed at a key resistance level. Gold has been in a range for the last few months with price unable to break out either higher or lower. Price is now sitting at the top of this range …
Price Action Charts in Focus
EURUSD Bearish Rejection
The EURUSD has formed a bearish rejection candle on the daily chart which is rejecting resistance. Price during yesterdays session moved only slightly lower and closed near sessions lows. Price has been in a down trend of late so it would not surprise to see price move lower from this rejection …
AUDNZD Weekly Pin Bar
The AUDNZD has formed a Pin Bar on the weekly chart. This Pin Bar has formed rejecting a proven resistance level. Price has failed to break through this resistance level at two at previous attempts. If price can break the Pin bar low and move lower, near term support comes in around round number …
