Price action on the daily chart of the Brent Oil market is stuck trading in a severe sideways range. Price is stuck at the present time unable to make a sustained move either higher or lower because of this severe boxing as the daily chart shows below; Boxing is when the price action moves and …
GBPUSD Engulfing Bar Rejects Major Daily Price Flip Level | 4th Mar 2015
The GBPUSD has fired off a Bearish Engulfing Bar (BEEB) on the daily price action chart that could potentially send price much lower. This engulfing bar is rejecting a very strong price flip level that price had just previously held at as a support. As the daily chart shows below; on the recent …
NZDUSD Rejects Daily Price Flip Resistance Area | 27 Feb 2015
The NZDUSD has rejected a daily price flip resistance area with a strong bearish rejection candle. This bearish rejection candle is showing that price is holding beneath the resistance price flip level at this stage, with price rejecting the resistance and selling off lower. This new resistance …
