The EURGBP has fired off a False Break Pin Bar setup on the 8hr price action chart. This pin bar is making a false break of the recent resistance level with the nose of the pin bar clearly protruding up and through the key level. Price on this pair has been in a heavy down-trend for quite a few …
Price Action Charts in Focus
GBPUSD Setting Up For First Test Resistance 4hr Chart | 30th Jul 2014
The GBPUSD has recently broken through a support level on the daily price action chart and importantly closed below at this stage. As the 4hr chart shows below; price was stalling above this solid support level, but as is common when price makes a break through a key level, when the break occurred …
NOKJPY Fires Off Bullish Engulfing Bar Around Lows | 31 July 14
The NOKJPY has now fired off a Bullish Engulfing Bar (BUEB) down at the recent lows where price has been finding support in recent times. In the 4th July Daily Forex Market Commentary we discussed how price had formed a huge pin bar on this pair and this bullish engulfing bar has formed closed to …
