The AUSSIE200 fell away dramatically this week. On the weekly chart we can see a very clear and obvious Bearish Engulfing Bar that gave traders a chance to take part in this huge sell off. Often you will hear traders talk about what the news made the market do etc. I am of the very firm belief …
Price Action Charts in Focus
EURUSD Sitting on Support
The EURUSD is sitting right on support as I type this and looks like it may break lower. If price does break lower a hard and fast move to the next support could be on the cards. The best play in this market is to wait for a pull-back and then short with the overall trend. There is a very strong …
EURGBP Bearish Engulfing Bar
The EURGBP produced a solid BEEB (Bearish Engulfing Bar) which has now seen price go lower. This setup was discussed live in the Members only forum as it occurred. The BEEB formed at a swing high and at a resistance zone. Price had actually gone higher and closed a gap before selling off and …
