The USDCAD has fired off multi time frame Bullish Engulfing Bars (BUEB) on the 4hr & Daily price action charts. In yesterdays post in this blog I posted about how price had formed a bearish engulfing bar which was pushing price lower and into a key support level that traders could target to …
USDCAD Daily Engulfing Bar Send Price Closer to Key Support Level | 12 Dec 2013
A counter trend bearish engulfing bar on the daily price action chart of the USDCAD that was rejecting a longer term resistance has sent price lower and close to the key support level. The Bearish Engulfing Bar had a large wick that was clearly rejecting higher prices with price managing to close …
EURJPY Resumes Roaring Up-Trend – How to Play This Move? | 11 Dec 2013
A few of the JPY pairs such as the USDJPY, GBPJPY, CHFJPY and especially the EURJPY have continued the roaring up-trend we witnessed and I discussed a lot about at the start of this year. The best and most obvious trend on the daily charts for traders of 2013 has been without a doubt been on the JPY …
