Divergence trading patterns can signal traders of possible trade setups. There are 2 types of divergence patterns, regular divergence and hidden divergence. Both patterns can signal a trader on which side to trade the market. A divergence pattern is when price is moving in one direction but the oscillator indicator is moving in a different direction. […]
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AUDJPY : Sell Trade Hits Targets
Read MoreSince February 14 2023, AUDJPY has been trending to the downside making lower lows and lower highs. Knowing that the pair is on a down trend it would only make sense for a trader to look for possible sell trade setups. On March 21 2023 I posted the AUDJPY 1 hour chart on social media […]
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EURUSD : Possible Buy Zones
Read MoreAt the moment EURUSD is currently pushing higher from the March 15 2023 low. Short term intraday analysis is signalling that the pair can still continue higher. Price has broke above the March 15 high (red MSB) on the 1 hour chart while the pair has been making higher highs and higher lows signalling a […]
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AUDJPY : Moved Lower as Expected
Read MoreOn January 31 2023 I published the article: AUDJPY : Possible Move Lower? calling for the pair to top out and reverse lower. There were several market patterns and signals calling for a move lower. SELL Trade Setup 1. Ending diagonal pattern calling for reversal lower. (Black) 2. Price trending lower making a lower low […]
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XAUUSD : Will Gold Find Support and Bounce Higher?
Read MoreA bullish pattern is visible on the XAUUSD Daily time frame. The blue bullish pattern still needs to make a push lower to complete point D at the BC 0.50% Fib. retracement level where gold can possibly find support and find buyers to push the price higher. There is a demand zone (Red) below the […]
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EURGBP : Will the Pair Continue to Push Lower?
Read MoreOn January 10 2023 I published an article ” EURGBP : Trading Zones ” where I gave the area on which to look for selling opportunities. In the article I wrote “if price pushes higher to the supply zone (red) then watch possible selling opportunities against 0.8980 stops.” *I also took the buy trade from […]
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AUDUSD : Sell Trade Hits Targets
Read MoreSince the start of February 2023, AUDUSD has been trending to the downside making lower lows and lower highs. Knowing that the pair is on a down trend it would only make sense for a trader to look for possible sell trade setups. On February 23 2023 I posted the AUDUSD 15 Minute chart on […]