Gold has now moved lower after forming a large and commanding bearish engulfing bar (BEEB) on the weekly price action chart. After breaking the low of the BEEB on the weekly chart and confirming the setup price moved lower and is now moving lower into the near term support levels. Sitting just under …
EURGBP Breaks Price Flip Support And Closes Below | 27th March 14
Price on the daily chart of the EURGBP has broken an important price flip support area on the daily chart and importantly closed below. As I discuss in this trading lesson here: The Lessons Traders Can Learn From Candlesticks & Price Action traders can often learn a heck of a lot from where …
CADJPY Prints False Break x Inside Bar x Engulfing Bar | 26th Mar 14
Price on the CADJPY daily price action chart has produced a minor false break of a double low that could now send price higher and back into a key resistance level. Price is currently stuck in an overall larger box that has price trading in consolidation. Price had formed a double top that sent …
