Overnight the GBPCAD fired off a massive Bearish Engulfing Bar (BEEB) on the 4hr chart. This BEEB was extremely large and as we know big candles equals big momentum. Once the low of the BEEB was broken, price smashed lower to break the recent support levels. The traders who entered this setup …
GBPJPY Bullish Engulfing Bar
The GBPJPY has moved higher off the back of a Bullish Engulfing Bar (BUEB). This BUEB had formed at an area that was old resistance and held as new support. When price broke higher through the top of the BUEB price began it's climb higher into the next resistance area which comes in around …
Silver Break Out
Overnight Silver has broken out of it's range that it had been trading in for the previous month. Price had been stuck in a tight box situation with price unable to make a clear move either way. Now price has shown it's hand and moved lower, the old low of the range will be important. If price …
