The daily price action charts of the Forex market have seen some substantial breakouts and big movements over the last 24 hours with price on a lot of pairs making major moves in line with their overall trends or key price action. The recent price action we discussed in this blog on the USDCHF daily …
Price Action Charts in Focus
USDCHF Prints False Break Price Action Pin Bar on Daily Chart | 22 Jan 14
The USDCHF has printed off false breaks on both the daily and 4hr charts that have both created pin bars. Both these false break pin bar reversal signals are rejecting and cutting through the recent swing high area where price found resistance. There has been no clear trend on either the daily or …
EURJPY Fires Off Small False Break Pin Bar | 21 Jan 2014
The EURJPY has fired off a small false break pin bar on the daily price action chart. This pin bar is very small when comparing it to the very best pin bars however it is making a false break of the recent down swing and could be hinting at a move higher and into the near term resistance. If price …
