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. […]
-
NZDJPY : Catching the Buy Setup
Read MoreOn March 7 2022 I posted on social media @AidanFX “ NZDJPY Expecting another rally higher. Watch for buying opportunities.“ 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 the market. Market patterns (Elliott Waves, Harmonic, Head and […]
-
EURJPY : Market Patterns Signalled the Move Lower
Read MoreThe EURJPY 1 Hour chart below was posted on social media @AidanFX March 2 2022 showing the SELL scenario. Both price and RSI indicator formed a bearish divergence pattern (Pink) signalling a down trend continuation. Bearish AB=CD market pattern (Green) also terminated point D in the same area where the bearish divergence formed. Dynamic and Static […]
-
CADJPY : Catching the Move Lower
Read MoreOn February 23 2022 I posted on social media @AidanFX “SHORT/SELL CADJPY“ 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 the market. Market patterns (Elliott Waves, Harmonic, Head and Shoulders etc.), price action analysis (Support & Resistance, […]
-
EURCAD : Catching the Sell Setup
Read MoreOn February 17 2022 I posted on social media @AidanFX “ SHORT EURCAD at 1.4433 Stop Loss at 1.4503 Target 1.4363 – 1.4328 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 a certain area in the market. Market patterns (Elliott […]
-
USDJPY : Trading the Move Higher
Read MoreOn February 7 2022 I posted on social media @AidanFX “ USDJPY Will be watching for BUYING opportunities for a move higher towards 115.36 – 115.59 area. Price needs to stay above 114.90 so any buying stop loss will be this level.“ Confluence trading is a combination of two or more trading strategies/techniques that come […]
-
EURAUD : Trading the Move Higher
Read MoreOn January 31 2022 I posted on social media @AidanFX “ EURAUD Watch for buying opportunities as long as price stays above 1.5741.“ 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 the market. Market patterns (Elliott Waves, […]