The CADJPY has fired off a 2 bar reversal on the daily price action chart. If price breaks and confirms this 2 bar reversal it would not surprise to see price gain momentum and move higher back into the recent daily key level around the Round Number (RN) of 94.00. This round number has been a …
Back Test Your Trading Strategy to Success
Back Test Your Trading Strategy to SuccessOne of the best ways traders can practice their trading method or system and speed up their learning curve is by what is called “Back Testing”. Back testing is the process of using old historical data to make trades and test a trading method or system. When …
UKOIL Setup Engulfs Previous Three Candles on Daily Chart | 8th Aug 14
The UKOIL chart has printed off a price action Bullish Engulfing Bar (BUEB) on the daily chart that is engulfing the previous three candles. This bullish engulfing bar is down at the low and is rejecting the recent support that has been tested, but not broken with the recent candle lows attempting …
