The EURNZD has formed a false break 2 bar reversal on the daily chart. This price action signal is large and a valid 2 bar reversal however if price is to move higher it is going to have to move through quite a strong resistance area. In yesterdays blog we were looking for short entries on this …
GBPUSD Fires Off Engulfing Bar and EURNZD Moving into Kill Zone
GBPUSD 4HR CHART Yesterday on this blog we discussed the strong downward push on the GBPUSD and the logical resistance level that traders could look for short trades at should price rotate back higher and produce price action. To read yesterdays original post see HERE. During yesterdays session …
GBPUSD Moving Into Key Price Action Zone
Price on the daily chart of GBPUSD has been moving lower solidly recently with the last leg being a huge down leg. Price has broken a key support level on the daily chart and moved down to test the major support at the extreme lows. Price has tested this support level and at this stage it has …
