Price as I write this blog post for you is creeping it's way higher and potentially back into a major daily price action resistance level. This resistance level is a major level and of significance because of the recent price action and overall price action story on this chart. As the first chart …
Crude Oil Price Action Busts Higher With 1,2,3 Trend Reversal | 16th Apr 15
Crude Oil or West Texas Intermediate (WTI) has smashed higher and most importantly closed above a major daily resistance level on the back of a 1,2,3 trend reversal pattern. Before this strong move back higher, price had been in a heavy down-trend for some time with price being sold off heavily from …
EURAUD Moving Into Psychological Big Round Number | 14th Apr 2015
The EURAUD daily price action chart is looking to potentially test the major psychological Very Big Round Number (VBRN) in 1.4000. As I have often discussed in this blog; Big Round Numbers (BRN's) and VBRN's are another useful piece of information that a trader needs to use in the overall price …
