When trading price action a common mistake many traders made is to only look at the last candle. An example of this may be that a Pin Bar forms and automatically a trader will look to enter a trade based on this Pin Bar. The problem with this is that the last candle is only part of the overall …
NZDCHF Engulfing Bar
The NZDCHF fired off a Bearish Engulfing Bar (BEEB) on the daily chart. From this BEEB price has broken lower and moved into the near term support area. Because price is now sitting on a support level it would not suprise to see buyers step in and try to take prices back higher. If instead the …
EURGBP False Break Recap
Yesterday we posted about price on the EURGBP 4hr chart making a false break of the Very Big Round Number 0.800. To see this post see here: EURGBP False Break After posting yesterday price did end up breaking higher and moving into the area we had identified as the next resistance area. When …
