Gold has finally broken higher and in doing so broken out of the tight range it was trading in. On the 4hr chart we can see a very strong Bullish Engulfing Bar (BUEB) that smashed through resistance. This old resistance area could now act as a new solid support area should price retrace lower. …
Price Action Charts in Focus
Silver Pin bar
Silver has fired off a Pin Bar Reversal on the daily chart. Since this Pin Bar was formed price has hung around and not done too much. During yesterday's session however we finally saw a break lower. If price can continue it's move lower, the next support would come in around 29.90. Traders who …
GBPUSD Bullish Rejection
Yesterday the GBPUSD formed a Bullish Rejection candle. This rejection candle was formed at an area where price had found resistance many times in the past. Once price had broken this resistance and moved higher, price retraced back lower to now find new support at the old resistance area. Price …