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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USDCAD : Trading the Move Higher
Read MoreOn November 3 2021 I posted on social media @AidanFX “ USDCAD can still push higher as long as price stays above 1.2351. Will be looking 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 […]
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EURAUD : Confluence Trading
Read MoreConfluence trading is a combination of one 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, Candlestick patterns etc.), price action (Support & Resistance, Supply & Demand Zones, Fibonacci retracements etc.) and indicators (RSI, Moving Average, Stochastic etc.) […]
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Confluence Trading
Read MoreConfluence trading is a combination of one 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, Candlestick patterns etc.), price action (Support & Resistance, Supply & Demand Zones, Fibonacci retracements etc.) and indicators (RSI, Moving Average, Stochastic etc.) […]
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USDCAD : Watch for a Continuation Move Lower
Read MoreOn October 15 2021 I posted on social media @AidanFX “ USDCAD can be setting up for another push lower. As long price stays below 1.2415 the pair can dip lower towards the 1.2320 area. “ In the 1 hour chart below, the pair has been moving lower forming a lower low/lower high sequence signalling […]
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NZDJPY Moves Higher as Expected
Read MoreOn October 13 2021 I posted on social media @AidanFX “NZDJPY can pop higher towards the 79.18 – 79.38 area. Watch for any buying opportunities for a in and out trade.“ The chart below was also posted on social media @AidanFX October 13 2021 showing the possible NZDJPY bullish scenario. Price formed a bullish divergence pattern […]
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USDCAD : Trading the Move Higher
Read MoreOn September 28 2021 I posted on social media @AidanFX “USDCAD as long price stays above 1.2666 the pair can still push higher towards 1.2720 area.“ The chart below was also posted on social media @AidanFX September 28 2021 showing the possible bullish scenario. Price is in a Demand Zone (grey box) signalling traders that this […]