Most Forex traders concentrate solely on Forex pairs, but a few other markets they could add to their watch lists are the major indices. One major indices that has been roaring higher of late is the Aussie200. Price has been continually making new lows without any significant rotations lower on …
Price Action Charts in Focus
EURGBP & USDCAD Trade Signals
This week we covered two setups as they formed on the daily charts of the EURGBP and USDCAD. EURGBP DAILY CHART Earlier in the week we discussed a live 2 bar reversal that had formed on the daily chart of the EURGBP. To read that post see here: EURGBP 2 Bar Reversal. From this setup …
USDCAD Bearish Engulfing Bar
The USDCAD has formed a bearish engulfing bar (BEEB) on the daily chart. This BEEB is formed up at a swing high and rejecting a solid resistance level. The major problem for this setup is Very Big Round Number (VBRN) of 1.000 that sits just below this BEEB. If price can solidly move through the …