Wednesday, April 18, 2012
I took quick glance at the charts for the AUD/USD today and the daily candlestick from yesterday stood out for me. There is a bullish engulfing bar formation with a very nice rejection wick. On the four hour charts a more obvious head and shoulders formation in showing that a trend reversal may be under way. Enjoy the video!
Posted by Razor at 7:58 AM
Sunday, April 15, 2012
Here is my review on the AUD/JPY Forex pair for the coming trading week. The weekly charts are showing a pin-bar rejection candle that is sitting squarely on a very solid support/resistance price pivot zone. The four hour charts are showing a nice "head and shoulders" formation and it looks like the right shoulder is forming right now. I have outlined in the video some good entry and take profit zones.
Posted by Razor at 4:53 PM