Price on the NZDCHF has moved into a tight consolidation phase with a really clearly defined high and low on the daily price action chart. As both the daily and 4 hour charts show below, after making a strong move lower, price has now moved into a sideways tight range, which is a very common market …
Price Action Charts in Focus
Gold v Euro Fires Off Inside Bar at Major Price Flip | 15th Sep 2015
Price on the daily price action chart of the Gold v Euro has fired off an Inside Bar = IB just underneath a major price flip area. This price flip area has been a major level on this chart, as the three charts below all show. Price has respected this level over both the longer and shorter term, as …
EURSGD Fires Off 1 Hour BUEB at Major Support | 17th Sep 2015
Price has fired off a large Bullish Engulfing Bar = BUEB at a major daily support level on the 1 hour price action chart. This bullish engulfing bar is a commanding engulfing bar and is engulfing the previous four candles which is a good sign that price has taken control and swung back around to the …
