The USDJPY has made a strong move higher over the previous few weeks. At the time of writing this post price has stalled from this huge move higher and is beginning to wind up. This winding up is a form of consolidation and is very common after a market makes a large move. On the weekly chart we …
Price Action Charts in Focus
EURAUD Recap
The EURAUD dual Inside Bar's discussed in yesterdays post have now broken during the last session to the downside. During the session the EURO was flattened across the board with many pairs selling off aggressively. On the daily chart of this pair we can see the that the lower support we spoke …
EURAUD Winding Up
The EURAUD has now formed 2 Inside Bars (IB's) back to back on the daily chart. This price action is signalling that price is winding up and a breakout either way is getting closer. On this chart support and resistance comes in very close, and the best play may be to wait on the sidelines to …