The USDCHF has finally broken lower and confirmed the huge Bearish Engulfing Bar (BEEB) that it formed on the 5th June 2014. This Bearish Engulfing Bar was a massive false break trigger signal that was making a false break after price had been stuck winding up into a tight box. On the daily chart …
Bullish Engulfing Bar Printed on GBPJPY Daily Chart | 1 July 2014
The daily price action chart of GBPJPY has printed off a Bullish Engulfing Bar (BUEB). Whilst this Bullish Engulfing Bar is not the cleanest setup, it is rejecting a daily support level that is a proven level and has acted as key resistance in the past and is now looking to act as a support level …
CAC40 Fires Off Daily Chart Pin Bar | 27th June 2014
The daily price action chart of the CAC40 (France 40 Index) has fired off a pin bar. The traders who follow this blog regularly will know that we are often posting daily chart Forex price action trading strategies and a major reason for this is because that trading on the daily chart offers traders …
