Price has formed a Bearish Engulfing Bar = BEEB on the 4 hour price action chart of the CAC40 or the France 40, which is the major French stock market index. This 4 hour bearish engulfing bar is rejecting a major daily resistance level as I have shown on the first daily chart below with price having …
SGDJPY Fires Off Engulfing Bar at Major Daily Resistance Area | 15th Oct 2015
The SGDJPY has fired off a Bearish Engulfing Bar = BEEB at a major daily resistance level on the 12 hour price action chart. Whilst the trigger signal is always important for any trade that we assess, the level is an important one in this market. As you can see on my daily chart below, this level …
EURGBP Forms 4 hour Chart Bullish Engulfing Bar Breakout | 14th Oct 2015
The EURGBP has broken out higher and above a major daily resistance level with a Bullish Engulfing Bar = BUEB on the 4 hour price action chart. The bullish engulfing bar is a huge and obvious candle that is commanding a lot of momentum and, as my 4 hour chart shows below, price close is well up and …
