The market has made some large moves in the last 24 hours on a lot of the major daily Forex pairs. A lot of pairs have broken out of the ranges or tight wind up periods they were trading in and with this breaking out it opens up a lot of potential trading opportunities for either continuation trades …
Price Action Charts in Focus
USDCAD Fires Off Engulfing Bar X Inside Bar Combo | 2 Sep 2014
The USDCAD has fired off a Bullish Engulfing Bar x Inside Bar Combo setup on the daily price action chart. This setup is formed at and rejecting a major daily support level with the first chart below showing how the low of the bullish engulfing bar has moved lower and rejected both lower prices and …
EURUSD Sets Up For First Test Resistance (FTR) | 22 Aug 2014
The EURUSD has recently broken through a major support level. Price had been consolidating above this support level for two weeks with price trading in a very small range. Price had moved into a pause or consolidation after a large and sustained move lower that had started back in April. As we …
