The GBPUSD is still stuck range trading in a tight box. Price has been struggling to go either higher or lower from this box in the last week. When price eventually break out one way or another we will be given a much clearer idea of whether to start looking for long or short …
Price Action Charts in Focus
USDCHF Bearish Engulfing Bar Recap
Last week the USDCHF formed a very solid Bearish Engulfing Bar at resistance. Price has now sold of and given Price Action traders a chance to take profit. Price is now at recent support. If price breaks this support we may see a sustained move lower, however if this support holds a retest of the …
GBPJPY Forms Pin Bar/Engulfing Bar Against Trend
A lot of the JPY pairs have formed bearish bars on the daily charts. These bearish signals come against what has been a very strong uptrend. The GBPJPY has formed a Pin Bar/Bearish Engulfing Bar. This bar is quite small compared to the large move up. Trading against the trend can be littered …
