Price has now moved higher and into the near term resistance area after breaking higher and confirming a Bullish Engulfing Bar (BUEB) on the daily chart of the GBPAUD chart. This BUEB was rejecting a key daily support level that had been holding price as a support level from moving lower for the …
USDJPY Pin Bar Fired Off on Weekly Price Action Chart | 13th Feb 2014
The USDJPY has fired off a Pin Bar on the weekly price action chart. This pin bar is small when comparing to the very best of pin bars, however it is rejecting a key weekly support level. Price over the longer term on this pair has been in an up-trend on the weekly chart for almost 18 months with …
EURSGD 3 Day Price Action Chart Fires Off Bullish Engulfing Bar | 11 Feb 2014
The EURSGD has started to move higher after breaking the high of a Bullish Engulfing Bar (BUEB) that was formed on the 3 day price action chart. Price on the 3 day chart has been in an up-trend in recent times before price found a high and formed a double top with price rolling back lower to hit a …
