The Australian dollar gapped higher at the open of yesterdays session. This was a very aggressive gap that managed to be closed during the US session. Price moved lower closed this gap and then rejected and moved much higher to finish well of the sessions lows. The next resistance level comes in …
Bullish Engulfing Bar Sends EURUSD Higher
Last week the EURUSD formed a Bullish Engulfing Bar (BUEB) at an extreme low. From this BUEB price has broken higher and moved into resistance. This is the second time in the last week that price has tested this key resistance. What price does from here is crucial to where price may go in the …
GBPJPY Price Action – 4 Hr Engulfing Bar
The GBPJPY fired a solid Bearish Engulfing Bar on the 4hr chart during yesterdays session. Price has since moved lower for the traders who decided to enter. This BEEB was formed at a proven resistance and a triple top. A special mention goes to the members who spotted this and other setups on …
