Price on the EURAUD has rejected the Very Big Round Number (VBRN) of 1.5000, with price firing off a rejection candle on the daily price action chart. This very big round number has been a key support and resistance price flip level in the past where price has flipped and acted as both support and …
Gold Fires Off False Break Engulfing Bar | 25 April 2014
Gold (XAUUSD) has fired off a false break bullish engulfing bar on the daily price action chart. This engulfing bar is making a clear false break with the low of the engulfing bar moving down and past the recent swing support level, before snapping back higher to form the bullish engulfing bar and …
Gold Moving Lower After Double Engulfing Bar – Where to Hunt Trades | 23rd April 2014
Gold has now moved lower after forming double bearish engulfing bars (BEEB's) on the weekly price action chart. The first engulfing bar that formed was up at a swing high and rejecting a key resistance level and this engulfing bar was also a large and obvious setup that most traders who flicked to …
