The USDCHF has fired off a bearish engulfing bar (BEEB) on the daily chart. This BEEB is engulfing only the last previous candle, but has formed after a large false break. Price at the start of this week moved lower after price formed a false break 2 bar reversal. This 2 bar reversal was making a …
Price Action Charts in Focus
Gold Breaks Key Support – Time to Get Short? | 13th Sep 13
Gold has smashed through a key support level on the daily chart and closed through, with the bears in the last session clearly in control. This support that price has just broken through, has been a key level previously and has acted as both a key support and resistance in the past. Traders can look …
EURCAD Price Action Kill Zone | 23 Aug 2013
Price has broken out on the daily EURCAD chart of the key resistance level. Price is in a clear up-trend in this market with price making higher highs and higher lows which is a key indication in all up-trending markets. Price in recent days has run harder to the up-side and has burst through a very …
