On the 13th of March I posted to this blog a pin bar that had just formed live on the weekly chart of the USDJPY. You can read the original post here: USDJPY Fires Off Weekly Pin Bar Reversal. This pin bar had formed rejecting a key weekly support level and was also in-line with the strong long term …
Price Action Charts in Focus
Time for Trend Traders to Start Looking to Gold Daily Chart | 14th Mar 14
For pretty much all of 2013 the price on Gold (Gold v USD) was either in a down-trend or trading sideways and consolidating getting ready for the next move lower. However price has now made a short term move higher and for swing traders on the daily chart this presents a solid opportunity to start …
Oil Slams Lower Into 50% Fibo on Daily Price Action Chart | 13th Mar 14
Price on the Oil (OILvUSD) daily price action chart has slammed lower into the 50% Fibonacci level after making a large run higher in recent times. After making a sustained run higher, price made a bearish 2 bar reversal that was rejecting resistance and once price started a move lower the move has …