Last week the EURUSD formed a Bullish Engulfing Bar (BUEB) at an extreme low. From this BUEB price has broken higher and moved into resistance. This is the second time in the last week that price has tested this key resistance. What price does from here is crucial to where price may go in the …
GBPJPY Price Action – 4 Hr Engulfing Bar
The GBPJPY fired a solid Bearish Engulfing Bar on the 4hr chart during yesterdays session. Price has since moved lower for the traders who decided to enter. This BEEB was formed at a proven resistance and a triple top. A special mention goes to the members who spotted this and other setups on …
AUDUSD Pin Bar Recap
The AUDUSD Bearish Pin Bar sent price lower during yesterdays session. Depending on where traders had their stop they could be still in this trade or taken out by a few pips. Price has been consolidating over the last few sessions. The best play for traders not in this setup is to sit on the …