The UK 100 Index or the FTSE 100 as it is heavily based off is winding up and has formed an inside bar on the daily price action chart. Over the past few days price has been winding up tighter and tighter with price stalling at it's current position, looking to build the order flow it needs to make …
Price Action Charts in Focus
Large Bearish Engulfing Bar Printed on Gold v Euro | 18th Feb 2015
Price has formed a large Bearish Engulfing Bar (BEEB) on the XAUEUR Daily chart or the Gold v Euro chart. This BEEB is large and commanding and whilst it is not at a strong pull-back or place of value where we would like to see our reversal trigger signals, we can still use this price action …
NZDUSD Breaks Out of Price Action Containment & is Grinding Higher | 17th Feb 2015
Price has now broken out higher on the NZDUSD after price had been contained below a really relevant daily resistance level. As the daily chart shows below; the bulls were making consistent pushes to try and move through this resistance. For eight days in a row price tested this resistance level …
