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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EURJPY : Trading with the Trend
Read MoreOn March 23 2022 I posted on social media @AidanFX “EURJPY Watch for buying opportunities against 132.31 stops for a move higher towards the 134.00-134.50 area“ The EURJPY 1 Hour chart below was also posted on social media showing the BUY scenario. The pair has been trending up forming a higher high/higher low sequence. At […]
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EURCAD : Trading the Move Lower
Read MoreThe EURCAD 1 Hour chart below was posted on social media @AidanFX March 22 2022 with the trade entry, stop loss and target. Price hit the Static Support/Resistance level (Black) and respected this level with a move lower. Dynamic Support/Resistance 50MA (Light Blue) was also respected signalling a bearish confluence zone. Stochastic indicator was at […]
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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 […]
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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 […]
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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, […]
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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 […]