The EURGBP has broken out higher and above a major daily resistance level with a Bullish Engulfing Bar = BUEB on the 4 hour price action chart. The bullish engulfing bar is a huge and obvious candle that is commanding a lot of momentum and, as my 4 hour chart shows below, price close is well up and …
GBPUSD Engulfing Bar & Why Trade Management is SO, SO Important | 9th Oct 2015
The GBPUSD has formed a large and very obvious Bearish Engulfing Bar = BEEB on the 4 hour price action chart that is rejecting a major daily resistance area. If you are a regular reader of this blog and the daily commentaries you will know that we often discuss how the best trade setups are the ones …
GBPSGD Retracing in Defined Price Action Sideways Range | 6th Oct 2015
Price on the 4 hour chart of the GBPSGD is retracing higher and back into a major daily resistance point to potentially make another attempt at breaking out higher. As my daily chart that I have below shows, after making a really strong an extended move higher, price has now moved into a sideways …
