The GBPJPY has now moved back into a clearly defined range trading box on the daily price action chart with price now moving back down towards the low as I write this post. This ranging box area has been a strong boxing area in the past with a clear support and resistance. If price moves lower it …
Price Action Charts in Focus
Silver v Euro Fires Off Double Inside Bar Price Action Setup | 25 Mar 2015
The Silver v Euro or the XAGEUR has formed a Double Inside Bar setup with two inside bars one after the other on the daily price action chart. As I have shown on the zoomed in daily chart below; an inside bar is formed when price is fully contained within the previous candle. An inside bar is …
NZDUSD Attempting to Break Major Price Flip Resistance on Daily Chart | 24 Mar 2015
The NZDUSD has just broken and most crucially closed above a major price flip resistance area on the daily price action chart. A lot of times with these really major price flip levels, prices will on the first attempt try and make a breakthrough, but will not be able to close either higher or lower …
