The GBPUSD has recently broken through a support level on the daily price action chart and importantly closed below at this stage. As the 4hr chart shows below; price was stalling above this solid support level, but as is common when price makes a break through a key level, when the break occurred …
False Break Pin Bar Setup on EURGBP 8hr Chart | 25 July 2014
The EURGBP has fired off a False Break Pin Bar setup on the 8hr price action chart. This pin bar is making a false break of the recent resistance level with the nose of the pin bar clearly protruding up and through the key level. Price on this pair has been in a heavy down-trend for quite a few …
EURAUD Forms Bearish Engulfing Bar in Down-Trend | 23 Jul 14
The EURAUD has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This Bearish Engulfing bar is down at the low and in-line with the strong down-trend that has been in play in recent months. Whilst this engulfing bar is not up at a swing high like a strong reversal signal, it …
