The Forex charts have formed many engulfing bars (EB's) on the daily charts at New York close this morning with a lot of the JPY's pairs and a couple of the AUD pairs all forming engulfing bars. Pairs such as AUDJPY, EURJPY, CHFJPY, EURAUD and GBPAUD have all fired off engulfing bars on the daily …
Silver Breaks & Closes Below To Create New Key Level to Hunt Short Trades | 19th Nov 2013
Silver has broken through a key support level on the daily price action chart and and most importantly managed to close below. Traders can learn a lot about where price can and cannot close above/below as I discuss in this article HERE. The 4hr time frame of the Silver chart has fired off a Bearish …
EURCAD Bearish Pin Bar & AUDNZD Shoots Lower After Breaking Engulfing Bar Low | 15th Nov 13
EURCAD Bearish Pin Bar The EURCAD has formed a small bearish Pin Bar on the daily price action chart. This pin bar has formed at the recent daily resistance zone that has previously sent price lower. The daily chart below shows that price has previously formed a pin bar at the same resistance that …
