The GBPCAD has fired off a small counter trend pin bar on the daily price action chart. This daily pin bar is against the very strong recent up-trend and is small when put in comparison to some of the very large and commanding candles that were made in the up-trend on the move higher. Whilst trading …
Price Action Charts in Focus
USDSGD BEEB Starts Winding Up | 25th Oct 2013
The USDSGD is winding up after breaking through a key daily resistance flip level. This resistance flip level was convincingly broken through when a bearish engulfing bar (BEEB) broke and closed through with price closing well lower and close to the session lows. After forming this BEEB price has …
AUDUSD Daily Chart Forms Live Bearish Engulfing Bar | 24th Oct 2013
The AUDUSD has fired off a bearish engulfing bar (BEEB) on the price action daily chart. The trend on the daily chart has been higher of late and this BEEB is against this trend, however this BEEB is large and engulfing the previous two candles. Price had been roaring higher with this up-trend in …
