After posting in our 28th May Daily Forex Market Commentary about the Price Action Engulfing Bar on the NZDCAD that had set up, price went on to breakout lower with the current momentum and through the low of the bullish engulfing bar. As we suggested in that commentary; that engulfing bar was a …
GBPUSD Smashes Through Key Support With 1,2,3 Trend Reversal | 29 May 2014
The GBPUSD has smashed through a key support price flip level on the daily price action chart. Price in recent times has been trading strongly higher, with price making solid higher highs and higher lows, but in yesterdays session price made a clear break through the daily support level and …
NZDCAD Fires Off Price Action Engulfing Bar | 28 May 2014
The NZDCAD has fired off a small Bullish Engulfing Bar (BUEB) on the daily price action chart. This engulfing bar is small and not commanding like the best trade setups. Price in recent times has been moving lower after price fired off a false break pin bar. This false break pin bar made a clear …
