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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GBPAUD : Bullish Patterns Calling for Move Higher
Read MoreThe GBPAUD chart below was posted on social media @AidanFX August 11 2021 showing the possible bullish patterns. Blue bullish pattern triggered BUYS at the XA 0.886% Fib. retracement level. More evidence the pair could push higher was a bullish divergence pattern (red) also formed in the same area where the XA 0.886% level triggered […]
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AUDJPY : Will the Pair Rally Higher?
Read MoreAUDJPY can be getting ready for a possible rally higher. In the 1 hour chart below, it is visible that the pair found a bottom/support at the Demand Zone signalling the proposed wave 2 has terminated. The pair was in correction lower from the July 23 2021 impulse wave 1. The correction lower was in […]
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USDJPY : Bearish Market Patterns Calling the Move lower
Read MoreThe USDJPY chart below was posted on social media @AidanFX July 28 2021 showing a possible bearish market pattern where bears/sellers could be waiting to get in the market. The pink bearish pattern triggers SELLS at the BC 0.50% Fib. retracement level. Traders would need to be patient and wait for the pair to pullback […]
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USDCHF : Will the Pair Continue Higher?
Read MoreThere are visible bullish patterns on the USDCHF 1 Hour time frame that can be signalling traders of a move higher. The light blue bullish market pattern already triggered buyers at the XA 1.13% Fib. retracement level and the pair has reacted with a push higher from this level. Price also found support from the […]
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USDCAD Moves Higher as Expected
Read MoreOn July 14 2021 I posted on social media @AidanFX “USDCAD will push higher towards the 1.2574 – 1.2614 area. Look for BUYING opportunities.“ The chart below was also posted on social media @AidanFX July 15 2021 showing the possible bullish scenario. Price bounced off the Dynamic Support 200MA which also formed a bullish divergence pattern. […]
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EURNZD : Bullish Patterns Calling for Move Higher
Read MoreThe EURNZD chart below was posted on social media @AidanFX July 13 2021 showing the possible bullish patterns. Green bullish pattern triggered BUYS at the XA 0.886% Fib. retracement level which was perfectly in the purple demand zone. More added reason the pair could push higher was a bullish divergence pattern also formed in the […]