The EURUGBP has fired off an bearish engulfing bar (BEEB) on the daily price action chart. This engulfing bar is very large, commanding and is also up at a swing high like all good bearish engulfing bars should be. This engulfing bar is also rejecting a proven previous resistance area. There has …
How to Manage Forex Trades Using ‘Key’ Time Frames
How to Manage Forex Trades Using 'Key' Time Frames For price action traders the most important piece of equipment they have is their price action charts and the raw price data on those charts. Using this price action information the confusion begins when a trader starts to think about what …
GBPZND Double Inside Bars at Resistance
The GBPNZD has fired off double inside bars (IB) on the daily chart just underneath resistance showing that the resistance on the daily chart is holding at this stage and could hold for the next leg lower if price can get the next push. Inside bars are indecision candles and when we see two of them …
