The EURUSD has fired off a bullish engulfing bar on the weekly chart. This bullish engulfing bar (BUEB) shows that the bulls had complete control of the market last week. Price had sold off lower and tested the major lower support level, before the bulls jumped in hard and fast sending price …
Price Action Charts in Focus
GBPUSD Continues Sideways Price Action
The GBPUSD has pushed substantially higher over the last two daily sessions to push back into the range that it has been trading in over the past few months. Price on the daily chart has been trading sideways with no clear direction or trend in either direction. Price had moved down to the major …
EURNZD False Break 2 Bar Reversal
The EURNZD has formed a false break 2 bar reversal on the daily chart. This price action signal is large and a valid 2 bar reversal however if price is to move higher it is going to have to move through quite a strong resistance area. In yesterdays blog we were looking for short entries on this …
