The daily price action chart of GBPJPY has printed off a Bullish Engulfing Bar (BUEB). Whilst this Bullish Engulfing Bar is not the cleanest setup, it is rejecting a daily support level that is a proven level and has acted as key resistance in the past and is now looking to act as a support level …
Price Action Charts in Focus
USDCHF Finally Confirm Engulfing Bar on Daily Chart | 2 July 14
The USDCHF has finally broken lower and confirmed the huge Bearish Engulfing Bar (BEEB) that it formed on the 5th June 2014. This Bearish Engulfing Bar was a massive false break trigger signal that was making a false break after price had been stuck winding up into a tight box. On the daily chart …
USDSGD Setting Up For First Test of Daily Resistance | 9th July 2014
Price on the daily chart of the USDSGD has broken through a key daily support level and importantly closed below. This support level could now look to become an important price flip level and a new resistance should price move back higher and to look make a re-test. As I have just outlined in the …
