Price on the CHFJPY is looking to potentially break lower and make a move in line with the recent strong trend that has been in play on this pair. As I write this summary for you, price is making an attempt at the lows of the recent Bearish Engulfing Bar (BEEB) + Inside Bar (IB) Combo price …
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 …