The GBPUSD has formed a price action inside bar on the daily chart. This inside bar is sitting just under what could prove to be a crucial level over the coming days and could decide where price moves if the levels holds or breaks. Price on the daily chart recently tested trying to break through the …
NZDCAD Forms Breakout/Retrace Price Action Setup | 30th May 2014
After posting in our 28th May Daily Forex Market Commentary about the Price Action Engulfing Bar on the NZDCAD that had set up, price went on to breakout lower with the current momentum and through the low of the bullish engulfing bar. As we suggested in that commentary; that engulfing bar was a …
GBPUSD Smashes Through Key Support With 1,2,3 Trend Reversal | 29 May 2014
The GBPUSD has smashed through a key support price flip level on the daily price action chart. Price in recent times has been trading strongly higher, with price making solid higher highs and higher lows, but in yesterdays session price made a clear break through the daily support level and …
