Price on the daily chart of the GBPJPY has broken out and has now begun winding up. Price is sitting on the old breakout resistance area which at this stage is holding as new support. Normally the longer price goes on winding up, the more powerful the eventual breakout is that occurs. Price …
Price Action Charts in Focus
USDCHF Bearish Engulfing Bar Sends Price Into Support | 17th Sep 2013
The USDCHF has moved lower after forming a bearish engulfing bar (BEEB) on the daily price action chart. This BEEB was covered live in this blog last week and you can view the original post HERE. After breaking the low of the BEEB price did not break straight down to the next support, but instead it …
USDCAD Pin Bar Reversal | 27th Aug 2013
The USDCAD has fired off a Pin Bar reversal on the daily chart. Price is ranging on the daily chart and not moving in any clear direction with no obvious key trend being able to be identified. Price has moved higher up to the high of the range to test the highs and this is when the bearish Pin Bar …
