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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AUDCAD : Bearish Patterns Signalled the Move Lower
Read MoreThe chart below was posted on social media @AidanFX September 21 2021 showing the AUDCAD bearish scenario. Price formed a bearish divergence pattern (black) on indicator and price on September 20 2021 and was then followed with a move lower. The bearish divergence pattern (black) with the reciprocal AB=CD bearish pattern (purple) terminating point D at […]
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AUDJPY : Watch for a Continuation Move Lower
Read MoreOn September 19 2021 I posted on social media @AidanFX “ AUDJPY for coming trading week watch for selling opportunities as long price remains below 80.51 looking for a move lower towards 79.46 – 79.21 area. “ AUDJPY can be getting ready for another possible move lower. In the 1 hour chart below, the pair has […]
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EURJPY : Trading the Move Lower
Read MoreOn September 14 2021 I posted on social media @AidanFX “EURJPY SHORT 129.79 Stop Loss 130.19 Target 129.39 – 128.99 area.“ The chart below was also posted on social media @AidanFX September 14 2021 showing the possible EURJPY bearish scenario. Price formed a bearish divergence pattern (black) on indicator and price on September 14 2021 and […]
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CHFJPY : Will the Pair Dip Lower?
Read MoreOn September 12 2021 I posted on social media @AidanFX “ CHFJPY for coming trading week watch for selling opportunities as long price remains below 120.10 looking for a move lower towards 119.23 – 119.05 area. “ CHFJPY can be getting ready for a possible dip lower. In the 4 hour chart below, it is visible […]
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GBPJPY Moves Higher as Expected
Read MoreOn September 9 2021 I posted on social media @AidanFX “GBPJPY will be watching for buying opportunities for a move higher towards the 152.20 – 152.60 area.“ The chart below was also posted on social media @AidanFX September 9 2021 showing the possible GBPJPY bullish scenario. Price formed a bullish divergence pattern (black) on indicator and […]
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USDCAD Rallies Higher as Expected
Read MoreThe USDCAD 4 Hour chart below was posted on social media @AidanFX August 16 2021 showing the possible bullish scenario. Both price and indicator formed a bullish divergence pattern signalling a trend continuation. Since the July 30 2021 low the pair has moved higher in a higher high/higher low sequence confirming an upside trend was in […]