The GBPCAD has formed an inside bar (IB) on the daily price action chart. Price has recently just made a strong run lower after price had been in a roaring trend higher for months on end. After being in this roaring trend higher, price hit resistance where it formed a Pin Bar on the daily chart and …
Price Action Charts in Focus
CADJPY Dueling Rejection & GBPUSD Flies Higher After 4hr Pin Bar | 17th April 14
CADJPY Daily Chart The CADJPY has fired off dueling rejection candles with price showing rejection in the last two daily sessions from both higher and lower prices. As the daily chart shows below; the most recent daily session has produced a bearish pin bar that is rejecting the overhead …
Gold Moving Lower After Double Engulfing Bar – Where to Hunt Trades | 23rd April 2014
Gold has now moved lower after forming double bearish engulfing bars (BEEB's) on the weekly price action chart. The first engulfing bar that formed was up at a swing high and rejecting a key resistance level and this engulfing bar was also a large and obvious setup that most traders who flicked to …
