The EURUSD has closed below a key price action support level at the round number of 1.3200. This level has been a proven level in the past and has acted as both a key support and resistance. Price has now closed below this level and whilst price continues to close below this level and does not move …
Price Action Charts in Focus
AUDUSD Forms Key Double Bottom | 5th Sep 2013
The AUDUSD has burst higher on the daily chart after forming a base and double bottom. Before this move higher price had been in an overall longer term down trend and had then moved into consolidation. Quite often when price reverses a trend it does not just reverse straight away and move. Price …
EURGBP Fires Off False Break & Moving Into Kill Zone | 10 Sep 13
The EURGBP has moved higher after forming a false break. This false break was a bullish rejection candle that was making a clear false break of a proven support level. Whilst the false break candle was not a valid pin bar because the nose was not long enough to meet the minimum requirements, it has …
