The EURGBP has broken out higher and above a major daily resistance level with a Bullish Engulfing Bar = BUEB on the 4 hour price action chart. The bullish engulfing bar is a huge and obvious candle that is commanding a lot of momentum and, as my 4 hour chart shows below, price close is well up and …
Price Action Charts in Focus
SGDJPY Fires Off Engulfing Bar at Major Daily Resistance Area | 15th Oct 2015
The SGDJPY has fired off a Bearish Engulfing Bar = BEEB at a major daily resistance level on the 12 hour price action chart. Whilst the trigger signal is always important for any trade that we assess, the level is an important one in this market. As you can see on my daily chart below, this level …
Price Breakout on NZDCHF Forms Textbook Teaching Point | 23 Oct 2015
Wow, oh wow - the market is on fire. Someone or something has lit a fire cracker underneath it, and then thrown fuel on it! From the major stock indices, such as the Germany 30, that are breaking out of long held ranging and consolidation phases with big breakouts to Forex pairs that are making huge …
