The USDCAD has fired off a pin bar reversal on the weekly price action chart that is rejecting the near term support level. This pin bar is down at a swing low and in-line with the recent weekly up-trend, with price making higher highs and higher lows on the weekly chart in recent times. If price …
Price Action Charts in Focus
GBPJPY Breaks Outs and Flies Higher | 20th Sep 2013
On Wednesday in this blog we posted about the GBPJPY winding up and getting ready for price to breakout. You can read the original post HERE. As we discussed in that post, the longer price goes on winding up, generally the more powerful price is when it finally breaks out. Price had formed 4x …
USDCHF Breaks Out and Forms New Kill Zone | 19th Sep 2013
Price has smashed through a key support level on the daily price action chart of the USDCHF and closed well lower, near to the daily lows. The size of this move lower is close to 160 pips, which is quite a large move lower for this pair and one of the largest candles on the daily chart. Price has …
