The AUDJPY has overnight smashed through the support level on the daily price action chart and most importantly closed below signalling that at this stage their was enough price action order flow pressure for this level to become a price flip level and flip from a support level to a new short term …
Price Action Charts in Focus
GBPAUD Fires Off Bearish Engulfing Bar Hinting at Possible Lower Prices | 10th Nov 13
The Forex charts have formed many engulfing bars (EB's) on the daily charts at New York close this morning with a lot of the JPY's pairs and a couple of the AUD pairs all forming engulfing bars. Pairs such as AUDJPY, EURJPY, CHFJPY, EURAUD and GBPAUD have all fired off engulfing bars on the daily …
Silver Breaks & Closes Below To Create New Key Level to Hunt Short Trades | 19th Nov 2013
Silver has broken through a key support level on the daily price action chart and and most importantly managed to close below. Traders can learn a lot about where price can and cannot close above/below as I discuss in this article HERE. The 4hr time frame of the Silver chart has fired off a Bearish …
