The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily chart. This BEEB is from a swing high and recent resistance. For a move lower to occur the BEEB low would need to be taken out. Support is fairly close and any trader looking to trade this pair would need to keep this in …
Price Action Charts in Focus
AUDNZD Bearish Engulfing Bar
The AUDNZD has fired off a Bearish Engulfing Bar (BEEB) on the 4hr chart. This BEEB is from a swing high and previous support which has now held as resistance. If price can break lower price could cruise on lower to test the recent lows around 1.2680. If however price goes higher a new up-trend …
NZDJPY Recap
The NZDJPY Pin Bar that was covered in this blog has now fallen lower. Price hovered around for a few days before making a solid break lower for traders to cash in. Traders have now been given a chance to take some profit or at the minimum protect their capital. Well done to the members who …
