Price on the daily chart of the AUDCHF has moved lower and into the recent lows which has previously acted as a swing support. This move lower was kicked off by a large bearish engulfing bar (BEEB) that formed up at the high and was making a clear false break of the key resistance in this market. …
Price Action Charts in Focus
AUDUSD Breaks Lower & Sets Up For Price Action Kill Zone | 12th Nov 2013
The AUDUSD has burst lower on the daily price action chart and has now broken through the most recent swing point. Price had found support and bounced higher for three days, but price has since crashed lower and back through support. This new bearish momentum was kicked off from a large bearish …
NZDCAD Forms Bearish Rejection at Key Resistance | 7th Nov 2013
NZDCAD has formed a bearish rejection at both a long term and short term resistance level. This rejection candle does not have a big enough nose to meet the requirements to meet the criteria for a valid pin bar. You can read the criteria for a pin bar here: Trading The Pin Bar Reversal. If this …
