The AUDNZD has formed a bearish engulfing bar (BEEB) on the daily price action chart. This BEEB is a large and is engulfing the previous two candles. This engulfing bar was formed when price moved higher to test the key resistance and then slammed lower when the bears gained full control and took …
Price Action Charts in Focus
USDCHF Moves Into Daily Key Level and Fires 4hr Pin Bar | 5th November 2013
The USDCHF moved into a key daily resistance level in the last session to try and move higher. This resistance level has been a proven key level in the past and has acted as both a proven support and resistance. At this key level price fired off a pin bar on the 4hr chart. This 4hr pin bar was …
EURCAD Winds Up After Huge Move Higher | 31 Oct 2013
The EURCAD has started to wind up and has now formed an inside bar (IB) with the daily charts candle having the low and high being fully contained within the previous candle. Price has been roaring higher on this pair since it broke out of what was a very tight ranging box area. Price had been …
