The GBPAUD has been trading heavily lower on both the daily and 4hr charts. The best play in this market is to trade with this down-trend and look for opportunities to short at logical resistance areas. Price overnight on this pair has smashed through support. Price Action traders can look for …
Price Action Charts in Focus
NZDCHF Engulfing Bar
The NZDCHF fired off a Bearish Engulfing Bar (BEEB) on the daily chart. From this BEEB price has broken lower and moved into the near term support area. Because price is now sitting on a support level it would not suprise to see buyers step in and try to take prices back higher. If instead the …
EURGBP False Break Recap
Yesterday we posted about price on the EURGBP 4hr chart making a false break of the Very Big Round Number 0.800. To see this post see here: EURGBP False Break After posting yesterday price did end up breaking higher and moving into the area we had identified as the next resistance area. When …