On Wednesday in this blog we posted about the GBPJPY winding up and getting ready for price to breakout. You can read the original post HERE. As we discussed in that post, the longer price goes on winding up, generally the more powerful price is when it finally breaks out. Price had formed 4x …
Price Action Charts in Focus
USDCHF Breaks Out and Forms New Kill Zone | 19th Sep 2013
Price has smashed through a key support level on the daily price action chart of the USDCHF and closed well lower, near to the daily lows. The size of this move lower is close to 160 pips, which is quite a large move lower for this pair and one of the largest candles on the daily chart. Price has …
GBPJPY Winding Up For Explosive Breakout | 18th Sep 2013
Price on the daily chart of the GBPJPY has broken out and has now begun winding up. Price is sitting on the old breakout resistance area which at this stage is holding as new support. Normally the longer price goes on winding up, the more powerful the eventual breakout is that occurs. Price …
