Price in the Crude oil market has been getting crushed for months on end now. Every higher time frame you flip to from the intraday 4 hour, 8 hour and daily chart is showing clear and strong down-trends with series of lower lows and lower highs. Price has now been crunched so severely that it is …
Heard the One About the 2 Bar, the Pin Bar & the Re-test? | 20 Jan 16
Price has just formed a bullish pin bar reversal on the 4-hour price action chart of the GBPJPY against a huge stream of momentum. If you look at both the daily and 4-hour chart and simply glance from left to right you will see a super obvious trend in play: price is making lower highs and lower …
EURUSD Daily Price Action Stuck in Sideways Traffic & Congestion | 14th Jan 16
Price action on the daily chart of the EURUSD is stuck in a sideways range movement that it is having a super hard time moving out of. As the daily chart shows below; price is currently moving in between a very narrow range because the overhead resistance and near term support below are both so …
