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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GBPJPY : Possible Bullish Pattern?
Read MoreA bullish pattern is visible on the GBPJPY 1 hour 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 GBPJPY can possibly find buyers to push the pair higher. There are a couple Demand Zones below the BC 0.50% […]
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Will USDJPY Continue Higher?
Read MoreThe USDJPY pair has been trending higher since the start of 2021. Most recent low was terminated on May 24 2022 and has bounced higher since. At the current moment there are visible signs that another round higher could be starting. We, at EWF, always recommend our members to trade with the trend and not […]
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EURAUD : Catching the Sell Setup for a Move Lower
Read MoreOn June 6 2022 I posted on social media @AidanFX “ EURAUD : I will be watching the 1.4890 area for possible selling opportunities against 1.4920 stop loss and targeting the 1.4790-1.4760 area.“ Confluence trading is a combination of two or more trading strategies/techniques that come together and form a high probability buy/sell zone in […]
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CADJPY : Remains Bullish Pushing for New Highs
Read MoreThe CADJPY chart below was posted on social media @AidanFX on May 25 2022 showing price terminating wave 2 (B alternate) in Demand Zone (Light Blue) and looking to see a reaction higher from the zone. Stochastic indicator showing divergence from wave ((a)) low to wave ((c)) low and hit oversold levels confirming a possible […]
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AUDJPY : Will the Pair Move Higher?
Read MoreOn May 18 2022 I posted on social media the AUDJPY 4 hour chart bullish scenario. In the chart below there are clear visible bullish market patterns that are calling for a move higher. Blue bullish market pattern already triggered BUYS at the pattern entry line where point 5 terminated. Red bullish pattern also triggered BUYS […]
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EURJPY : Bearish Market Patterns Signalling the Move Lower
Read MoreOn May 11 2022 I posted on social media “ EURJPY If price makes a bounce higher towards the 137.60-137.80 area will take a SELL against 138.10 Stop Loss.“ Confluence trading is a combination of two or more trading strategies/techniques that come together and form a high probability buy/sell zone in a certain area in […]