The USDSGD is winding up after breaking through a key daily resistance flip level. This resistance flip level was convincingly broken through when a bearish engulfing bar (BEEB) broke and closed through with price closing well lower and close to the session lows. After forming this BEEB price has …
AUDUSD Daily Chart Forms Live Bearish Engulfing Bar | 24th Oct 2013
The AUDUSD has fired off a bearish engulfing bar (BEEB) on the price action daily chart. The trend on the daily chart has been higher of late and this BEEB is against this trend, however this BEEB is large and engulfing the previous two candles. Price had been roaring higher with this up-trend in …
EURUSD Moves Higher In-line With Weekly Engulfing Bar | 23 Oct 13
Price on the EURUSD daily chart has shot higher after the weekly chart produced a bullish engulfing bar (BUEB). The key to price moving higher was that it was able to move out of the range area on the daily chart and close above. I talk about how this works in-depth this in my recent article & …