Price on the EURUSD daily chart has shot higher after the weekly chart produced a bullish engulfing bar (BUEB). The key to price moving higher was that it was able to move out of the range area on the daily chart and close above. I talk about how this works in-depth this in my recent article & …
Search Results for: trade manage
GBPJPY Fires Off Bearish Engulfing Bar | 8th Oct 2013
The GBPJPY has fired off a bearish engulfing bar (BEEB) on the weekly price action chart. This beeb has a large wick on it that is engulfing the previous candle. Price on the BEEB has managed to move and close below the key weekly support level which could be critical for the direction of price in …
Silver Counter Trend Pin Bar at VBRN | 29 Aug 13
Silver has formed a counter trend pin bar on the daily price action chart. This pin bar is against the recent uptrend, but is rejecting the resistance on the daily chart and the Very Big Round Number (VBRN) of 25.00. If price can manage to move lower and break the pin bar low, price may be able to …