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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EURUSD : Buy Trade Hits Targets
Read MoreSince September 2022 EURUSD has bounced higher and has been trending to the upside making higher highs and higher lows. We at EWF always encourage our members to trade with the trend and not against it. Confluence trading is a combination of two or more trading strategies/techniques that come together and form a high probability […]
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AUDJPY : Possible Move Lower?
Read MoreAt the moment AUDJPY is currently pushing lower from the September 13 2022 high. Looking at the Daily chart below we could still expect for the pair to continue pushing lower on reasons that the pair is currently in a lower low / lower high sequence and a visible bearish divergence pattern is forming signalling […]
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GBPUSD : Buy Trade Hits Targets
Read MoreOn January 13 2023 the GBPUSD pair was showing clear bullish patterns for another move higher on the short term smaller time frame. Any trades based on smaller time frames should always be “in and out” trades, meaning when targets hit close the trade no matter if price extends for more gains. Confluence trading is […]
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EURGBP : Trading Zones
Read MoreAt the moment EURGBP is currently pushing lower from the December 30 2022 high. Looking at the 4 hour chart below we should expect for the pair to continue pushing lower towards the demand zone (blue), but before the move lower watch for selling opportunities in the supply zone (purple) for the pair to find […]
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EURAUD : Sell Trade Hits Targets
Read MoreOn December 22 2022 I posted the EURAUD 1 Hour chart on social media @AidanFX showing the SELL entry at 1.5892 with Stop Loss at 1.5912 and Targets at 1.5792 1:5RR minimum 1.5692 1:10RR maximum. SELL Trade Setup 1. Price broke the 4 Hour HH/HL Sequence signalling more downside (Light Blue) (CHoCH=Change of Character) 2. […]
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GBPJPY : Catching the 800 Pip 1:20 Risk/Reward Move Lower
Read MoreOn December 13 2022 I posted the GBPJPY Daily chart on social media @AidanFX . On December 15 2022 I also posted the SELL entry at 168.45 with Stop Loss at 168.85 and Target at 166.45 (1:5RR) minimum 160.45 (1:20RR) maximum. SELL Trade Setup 1. Price broke the HH/HL Sequence signalling more downside (Purple) 2. […]