For pretty much all of 2013 the price on Gold (Gold v USD) was either in a down-trend or trading sideways and consolidating getting ready for the next move lower. However price has now made a short term move higher and for swing traders on the daily chart this presents a solid opportunity to start …
Oil Slams Lower Into 50% Fibo on Daily Price Action Chart | 13th Mar 14
Price on the Oil (OILvUSD) daily price action chart has slammed lower into the 50% Fibonacci level after making a large run higher in recent times. After making a sustained run higher, price made a bearish 2 bar reversal that was rejecting resistance and once price started a move lower the move has …
Engulfing Bars Send Price Higher From Price Flip Area | 11th Mar 2014
For price action traders the emphasis for all high probability trades is looking for the best areas to play their trades from and building a strong price action story to back up their trade. For example; is the trade with the trend? Is the trade moving off a price flip area? Does price have space to …
