The CHFJPY has started to move higher on the daily chart and could now be looking to move into a key price action resistance zone. Last week price broke through an important support level on this pair and if price does move back higher, this old support could become a price flip level and a new …
Price Action Charts in Focus
False Break Pin Bar Setup on EURGBP 8hr Chart | 25 July 2014
The EURGBP has fired off a False Break Pin Bar setup on the 8hr price action chart. This pin bar is making a false break of the recent resistance level with the nose of the pin bar clearly protruding up and through the key level. Price on this pair has been in a heavy down-trend for quite a few …
GBPUSD Setting Up For First Test Resistance 4hr Chart | 30th Jul 2014
The GBPUSD has recently broken through a support level on the daily price action chart and importantly closed below at this stage. As the 4hr chart shows below; price was stalling above this solid support level, but as is common when price makes a break through a key level, when the break occurred …
