The daily chart of the USDCHF shows price is moving lower and getting closer to what could be a critical support level for this market. This level was old resistance with price not able to break through and move higher. Once price broke higher through resistance it moved onto new highs and we are …
Price Action Charts in Focus
NZDUSD 8HR Engulfing Bar Price Action Setup
The NZDUSD has now moved lower after forming a bearish engulfing bar (BEEB) on the 8hr chart. The BEEB formed up at a solid swing high and was rejecting the logical recent resistance zone that had been critical in recent times for this market. This A+ price action setup was also with the recent …
Live Oil Daily Pin Bar Setup
Oil has formed a large an obvious Pin Bar on the daily chart. This Pin Bar is rejecting the key support for this market which has been tested recently with another Pin Bar. The recent trend in this market has been higher and taking long trades would be trading with this trend on your side. If …