The AUDUSD has moved lower and broken through a key support level after breaking the low of a bearish engulfing bar (BEEB). This BEEB was formed rejecting a key resistance level. Once price broke the low of the BEEB it got a lot of momentum and broke through the key support level which may now look …
GBPAUD Fires Off Bearish Engulfing Bar Hinting at Possible Lower Prices | 10th Nov 13
The Forex charts have formed many engulfing bars (EB's) on the daily charts at New York close this morning with a lot of the JPY's pairs and a couple of the AUD pairs all forming engulfing bars. Pairs such as AUDJPY, EURJPY, CHFJPY, EURAUD and GBPAUD have all fired off engulfing bars on the daily …
Silver Breaks & Closes Below To Create New Key Level to Hunt Short Trades | 19th Nov 2013
Silver has broken through a key support level on the daily price action chart and and most importantly managed to close below. Traders can learn a lot about where price can and cannot close above/below as I discuss in this article HERE. The 4hr time frame of the Silver chart has fired off a Bearish …
