The USDZAR has fired off a 2 bar reversal at a key price action flip level. Whilst this pair is not in a clear trend in either direction, the level that the 2 bar reversal is rejecting is a major one and has acted as a major resistance previously before price burst higher. Now that price is above …
Price Action Charts in Focus
USDJPY Forms Inside Bar x Bearish Engulfing Bar on Daily Chart | 28th Oct 2014
The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This bearish engulfing bar has been printed on the daily chart after price stalled and formed an Inside Bar (IB) which is highlighted on the chart below. Although this is an engulfing bar, it is still inside the …
AUDUSD Caught in Wind-Up & EURGBP Breaks From 2 Day Pin Bar | 23 Oct 14
AUDUSD Caught in Wind-Up on Daily Chart The AUDUSD is caught in a medium term wind-up on the daily price action chart with the previous three weeks of price action all caught in a sideways box as sown by the daily chart below. Price has traded sideways in a tight box and moved in a tight …