The AUDNZD has formed double inside bars on the daily price action chart. After forming a large bearish engulfing bar (BEEB), price has been unable to break either the high or low of the engulfing bar with price starting a windup and forming 2x inside bars back to back. As I talk about in a trading …
Price Action Charts in Focus
AUDSGD Fires Off BEEB on Daily Price Action Chart | 2 April 2014
The AUDSGD has fired off a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is against the recent strong up-trend, however it is formed at a strong longer term resistance area. Price has made a strong run higher to be where it is now, with two higher lows and a completed 1,2,3 …
EURNZD Fires Off Pin Bar at Key Daily Level | 4th April 2014
The EURNZD has fired off a Pin bar on the daily price action chart. This pin bar is sticking out and away and has been produced up at a swing high. Price has been fairly choppy and trading sideways of late on this pair with a lot of indecision candles, however in the last week price has made a solid …
