In this blog recently I made a post; Large Gold Engulfing Bar Forms Rejecting Key Support Level when price had formed a large counter trend bullish engulfing bar (BUEB) on the daily chart of Gold. This setup has now been confirmed with price breaking the engulfing bar high. It is important that …
NZDUSD Prints Price Action Pin Bar on Daily Chart | 10 Jun 14
The NZDUSD has printed off a price action pin bar on the daily chart. This pin bar is sitting up at the high and rejecting an old support level that is now looking to flip and act as a new potential resistance. During the daily session after the pin bar, price has tried to break lower, but as often …
Large Engulfing Bar Printed After Inside Bar on Gold | 6th Jun 2014
Price on the daily price action chart of Gold/USD ( Symbol XAUUSD) has printed a large Bullish Engulfing Bar (BUEB) that is rejecting a key support level. This BUEB is engulfing an inside bar that had also formed when price moved lower and stalled at the daily support level after a large move …
