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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CHFJPY Moves Higher as Expected
Read MoreOn May 26 2021 I posted on social media @AidanFX “CHFJPY watching for buying opportunities for another push higher towards 122.00 – 122.20 area.” and “CHFJPY a break above 121.70 will add more bulls/buyers to get in the market.” The chart below was also posted on social media @AidanFX May 26 2021 showing the possible […]
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EURCAD : Catching the Move Lower
Read MoreSince April 21/2021, EURCAD has been trending to the downside. To determine if a market is trending, price action must be forming higher highs/higher lows in an uptrend and lower lows/lower highs in a downtrend. We at EWF always recommend our clients to trade with the trend and not against it. On May 11 2021 […]
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CHFJPY : Bullish Market Patterns Calling the Move Higher
Read MoreOn May 5 2021 I posted on social media @AidanFX “CHFJPY As long as price stays above 119.26 the pair will move higher towards the 120.50 area. Will be watching for buying opportunities” and “Watch for CHFJPY BUY on break above 119.76 with stops at 119.26 targeting the 120.26 – 120.50 area.” On May 7 2021 […]
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AUDCAD : Tracking and Trading the Move Lower
Read MoreOn April 19 2021 I published an article calling for AUDCAD to move lower -> AUDCAD : Possible Bearish Pattern? . In the article I explained where possible sellers would be waiting to enter and push the pair lower. The first chart below was posted on social media @AidanFX April 14 2021 and the second […]
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USDCHF : Moves Lower as Expected
Read MoreOn April 21 2021 I posted on social media @AidanFX “USDCHF as long as price stays below 0.9215 the pair can still make another move lower towards 0.91 handle.” The chart below was also posted on social media @AidanFX April 23 2021 showing the possible bearish patterns. Pink bearish pattern triggered SELLS perfectly in the […]
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AUDCAD : Possible Bearish Pattern?
Read MoreA possible bearish pattern is visible on the AUDCAD 4 hour time frame. The blue bearish pattern still needs to make a push higher to complete point D at the BC 0.50% Fib. retracement level where AUDCAD can possibly find sellers to push the pair lower. The BC 0.50% Fib. level is also situated in […]