Gold has fired off a Bearish Engulfing Bar (BEEB) at a key daily resistance level that we discussed in our previous Forex Daily Market Commentary. In that previous market commentary we discussed how price was working it's way higher and towards the key daily level and how price had formed a Bullish …
Engulfing Bar on Gold & Why Trading With Break is Key | 11 June 14
In this blog recently I made a post; Large Gold Engulfing Bar Forms Rejecting Key Support Level when price had formed a large counter trend bullish engulfing bar (BUEB) on the daily chart of Gold. This setup has now been confirmed with price breaking the engulfing bar high. It is important that …
NZDUSD Prints Price Action Pin Bar on Daily Chart | 10 Jun 14
The NZDUSD has printed off a price action pin bar on the daily chart. This pin bar is sitting up at the high and rejecting an old support level that is now looking to flip and act as a new potential resistance. During the daily session after the pin bar, price has tried to break lower, but as often …
