The EURNZD has been in a solid downtrend in the recent weeks. The best play for Price Action traders is to look to short with this trend in their favour. There is an old support area around 1.5670 that if price can retrace back higher to, we would look to hold as new resistance. This may also be …
Price Action Charts in Focus
GBPCAD Bearish Engulfing Bar
The GBPCAD formed a very solid Bearish Engulfing Bar (BEEB) on the 4hr time frame overnight. This BEEB formed at a very key level and with the recent down momentum. If price moves lower it could fall into support around the recent lows at 1.5750. If however price goes higher we may see a new …
GBPCAD Falls Lower After BEEB
The GBBCAD Price Action setup that was covered in this blog yesterday was the catalyst behind price overnight falling much lower. This setup both on the daily and 4hr charts were covered in the members area by Johnathon. Well done to all the members who were able to profit from this move. Price …
