Just lately we have had a spurt of price action triggers and formations that have formed on a time frame other than our 'standard' time frames. That theme carries on here as well, with a large False Break that is also a Bearish Engulfing Bar ("BEEB") on the 2 day time frame chart. This setup will …
After forming a Pin Bar reversal up at the range high and rejecting the resistance area on the daily price action chart, price stalled and moved sideways for the next two days without breaking higher or lower. Price formed a Pin Bar + Inside Bar combo where just after forming the pin bar, the …
Price on the GBPAUD has shot lower and as I write this 'Charts in Focus' post for you, price is looking to try and break an intraday support level after firing off a 4 hour Bearish Engulfing Bar = BEEB. This BEEB was a super obvious, large and clear cut reversal signal that formed up at the swing …
