The EURJPY has fired off a small false break pin bar on the daily price action chart. This pin bar is very small when comparing it to the very best pin bars however it is making a false break of the recent down swing and could be hinting at a move higher and into the near term resistance. If price …
Dax30 Moves Into All Time High After Bullish Engulfing Bar at Daily Support | 17th Jan 14
The Dax30 has moved into a new all time high on the daily price action chart after breaking the high of a Bullish Engulfing Bar (BUEB). The Dax30 is blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Price on the daily chart has been in …
2 Bar Reversals Formed in The Forex Market | 15th Jan 2014
Quite a few Forex pairs have formed 2 bar reversals on the daily price action chart such as the USDJPY and GBPAUD charts. Whilst neither of these are perfect price action setups, they could be hinting at higher prices if price can break higher and gain momentum. In yesterday's commentary we …
