How to Draw Support and Resistance With the Price Action Story Traders are so often wrapped up in looking for the best price action signal and the one candlestick pattern that is going to bring them their riches that they fail to realise the key to price action trading; Support and …
Gold Winding Up For Massive Break Out
The price action on the Gold chart has been tightly winding up over the last few daily sessions with price getting ready for a massive break out. On the daily chart we can see price has formed consecutive inside bars and is winding up like a coiling spring. Exactly like a spring, the longer the …
EURNZD Two Bar Reversal Double Top
The EURNZD has formed a a two bar reversal from a double top on the daily price action chart. The recent trend has been higher but two bar reversals are reeversal signals and this has the potential to push price lower. If price can move lower the next support level comes in around the 1.6050 area …
