Price has formed a large Bearish Engulfing Bar (BEEB) on the XAUEUR Daily chart or the Gold v Euro chart. This BEEB is large and commanding and whilst it is not at a strong pull-back or place of value where we would like to see our reversal trigger signals, we can still use this price action …
Price Action Charts in Focus
NZDUSD Breaks Out of Price Action Containment & is Grinding Higher | 17th Feb 2015
Price has now broken out higher on the NZDUSD after price had been contained below a really relevant daily resistance level. As the daily chart shows below; the bulls were making consistent pushes to try and move through this resistance. For eight days in a row price tested this resistance level …
Can The GBPSGD Bust Out of The Price Action Range? 10th Feb 2015
The GBPSGD as I write this is trying to bust out higher and through the high of the major daily resistance area. Price in recent times has been caught in a clear range and sideways trading period with a clearly defined high and clearly defined low as the daily chart shows below. At the moment price …
