Price on the daily chart of the EURGBP has broken an important price flip support area on the daily chart and importantly closed below. As I discuss in this trading lesson here: The Lessons Traders Can Learn From Candlesticks & Price Action traders can often learn a heck of a lot from where …
CADJPY Prints False Break x Inside Bar x Engulfing Bar | 26th Mar 14
Price on the CADJPY daily price action chart has produced a minor false break of a double low that could now send price higher and back into a key resistance level. Price is currently stuck in an overall larger box that has price trading in consolidation. Price had formed a double top that sent …
CADJPY Shows How Important Price Flips Are | 20th Mar 14
Price on the daily chart of the CADJPY formed a Bullish Engulfing Bar (BUEB) on the 17th March 2014. This BUEB was down at the low and rejecting the recent support area. The one important note to this Bullish Engulfing Bar was the area that it was trading into, known as a price flip area. I discuss …
