A lot of the JPY pairs have formed bearish bars on the daily charts. These bearish signals come against what has been a very strong uptrend. The GBPJPY has formed a Pin Bar/Bearish Engulfing Bar. This bar is quite small compared to the large move up. Trading against the trend can be littered …
Price Action Charts in Focus
EURUSD Closing in on Resistance
The EURUSD has been pretty quiet of late with no sustained move either higher or lower. Price now is getting close to the recent resistance area where traders could look to get short if big Price Action forms. Trading could be done on the 4hr or daily chart. Support comes in around …
USDCHF Bearish Engulfing Bar Recap
Last week the USDCHF formed a very solid Bearish Engulfing Bar at resistance. Price has now sold of and given Price Action traders a chance to take profit. Price is now at recent support. If price breaks this support we may see a sustained move lower, however if this support holds a retest of the …
