A counter trend bearish engulfing bar on the daily price action chart of the USDCAD that was rejecting a longer term resistance has sent price lower and close to the key support level. The Bearish Engulfing Bar had a large wick that was clearly rejecting higher prices with price managing to close …
Price Action Charts in Focus
AUDJPY Breaks and Closes Below – How to Play it? | 18th Dec 2013
The AUDJPY has overnight smashed through the support level on the daily price action chart and most importantly closed below signalling that at this stage their was enough price action order flow pressure for this level to become a price flip level and flip from a support level to a new short term …
GBPAUD Fires Off Bearish Engulfing Bar Hinting at Possible Lower Prices | 10th Nov 13
The Forex charts have formed many engulfing bars (EB's) on the daily charts at New York close this morning with a lot of the JPY's pairs and a couple of the AUD pairs all forming engulfing bars. Pairs such as AUDJPY, EURJPY, CHFJPY, EURAUD and GBPAUD have all fired off engulfing bars on the daily …
