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 …
Price Action Charts in Focus
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 …
USDCHF Bearish Engulfing Bar Sends Price Into Support | 17th Sep 2013
The USDCHF has moved lower after forming a bearish engulfing bar (BEEB) on the daily price action chart. This BEEB was covered live in this blog last week and you can view the original post HERE. After breaking the low of the BEEB price did not break straight down to the next support, but instead it …
