The Dow Jones has finally broken out higher and moved into an all time high on the daily price action chart. Price had been stuck trading in a sideways range for the past few months with price continually attacking the highs, but being unable to break through and push onto the fresh all time highs. …
Price Action Charts in Focus
EURGBP Fires Off Bullish Engulfing Bar Into Kill Zone | 15th May 2014
The EURGBP has fired off a large Bullish Engulfing Bar (BUEB) on the daily price action chart. This BUEB is down at the extreme swing low and is engulfing the previous two candles. Whilst this is a very large engulfing bar, if price does break confirming the BUEB and move higher, it is trading …
NZDUSD 2 Day Pin Bar Moves Lower & USD Index Engulfing Bar Explodes | 21 May 14
NZDUSD 2 Day Pin Bar The NZDUSD has now moved lower and into the recent support level after breaking through and confirming the large false break pin bar that had formed on the 2 day price action chart. We posted about this setup as it was unfolding live in this blog and you can read the original …
