The EURSGD has started to move higher after breaking the high of a Bullish Engulfing Bar (BUEB) that was formed on the 3 day price action chart. Price on the 3 day chart has been in an up-trend in recent times before price found a high and formed a double top with price rolling back lower to hit a …
EURJPY Breaks Engulfing Bar and Moves Into 50% Fibo on 4hr Chart | 7th Feb 2014
Recently in this blog we discussed a Bearish Engulfing Bar (BEEB) that had formed on the EURJPY daily chart that was looking to send price lower if price could confirm the signal and break the low of the BEEB. You can find the original post here; EURJPY Fires of Bearish Engulfing Bar. Price did …
Inside Bar Fires Off on EURSDG Daily Price Action Chart | 6th Feb 2014
Price on the daily chart of the EURSGD has broken lower and closed below the Big Round Number (BRN) of 1.7200 with price now forming an inside bar. After breaking lower with a large bearish candle, price retraced back into the BRN and old support/new resistance and formed this inside bar that is …
