The NOKJPY has now fired off a Bullish Engulfing Bar (BUEB) down at the recent lows where price has been finding support in recent times. In the 4th July Daily Forex Market Commentary we discussed how price had formed a huge pin bar on this pair and this bullish engulfing bar has formed closed to …
Price Action Charts in Focus
EURGBP Breaks Price Flip Support And Closes Below | 27th March 14
Price on the daily chart of the EURGBP has broken an important price flip support area on the daily chart and importantly closed below. As I discuss in this trading lesson here: The Lessons Traders Can Learn From Candlesticks & Price Action traders can often learn a heck of a lot from where …
NZDCHF Fires Off False Break Pin Bar Reversal | 30th Mar 14
The NZDCHF has fired off a counter trend bearish false break pin bar reversal on the daily price action chart. This daily pin bar is making a clear false break of a resistance level that has been a major proven resistance level many times in the past. Price has made a very fast and aggressive run …
