The EURAUD has finally broken out on the daily chart after weeks of being held in a consolidation box. Before this boxing, price had been in a very strong up-trend with price making higher highs and higher lows. Price will more often than not break out in the direction that price was trend in before …
Price Action Charts in Focus
Gold Huge False Break Rejection Candle
Yesterday in this blog we spoke about a daily bearish engulfing bar on the daily chart in this market that may push price lower and give trend traders the chance to get into trades with the obvious trend in this market. To see yesterdays post see HERE. Whilst price did not move all the way into the …
Gold Daily Bearish Engulfing Bar – Bullish Kill Zone
Gold has fired off a bearish engulfing bar on the daily price action chart at the resistance chart for this market. This is not the largest or most commanding engulfing bar that has ever been, but it is a valid engulfing bar all the same that has a higher high and lower low than the previous …
