Yesterday the GBPUSD formed a Bullish Rejection candle. This rejection candle was formed at an area where price had found resistance many times in the past. Once price had broken this resistance and moved higher, price retraced back lower to now find new support at the old resistance area. Price …
Price Action Charts in Focus
AUDCHF Blast Lower
Last week we covered the AUDCHF and how it was beginning to look very weak. To read this post go HERE. Price had a made an Inside Bar on the daily chart that was sitting right on support. Once price broke lower from this Inside Bar, price collapsed lower. Price is moving closer to the long term …
USDCAD Pin Bar
The Pin Bar on the USDCAD daily chart that we discussed HERE has seen price move higher. This Pin Bar was a counter-trend setup, however as we know the market does not move straight up or down and this pair had been moving lower without and rotations higher. Price is now moving higher and the …
