The Dax30 has moved into a new all time high on the daily price action chart after breaking the high of a Bullish Engulfing Bar (BUEB). The Dax30 is blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Price on the daily chart has been in …
Price Action Charts in Focus
2 Bar Reversals Formed in The Forex Market | 15th Jan 2014
Quite a few Forex pairs have formed 2 bar reversals on the daily price action chart such as the USDJPY and GBPAUD charts. Whilst neither of these are perfect price action setups, they could be hinting at higher prices if price can break higher and gain momentum. In yesterday's commentary we …
AUDUSD Moves Lower After Engulfing Bar and Sets Up New Kill Zone | 22 Nov 13
The AUDUSD has moved lower and broken through a key support level after breaking the low of a bearish engulfing bar (BEEB). This BEEB was formed rejecting a key resistance level. Once price broke the low of the BEEB it got a lot of momentum and broke through the key support level which may now look …
