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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XAGUSD : Calling the Move Lower
Read MoreOn November 18 2020 I posted on social media @AidanFX “XAGUSD Watching for selling opportunities. Expecting more downside. XAGUSD as long price stays below 25.07 expect a move lower towards the 23 handle.” The chart below was also posted on social media @AidanFX November 18 2020 showing the SELL entry. I called for traders to SELL/SHORT […]
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EURCAD : Can the Pair Extend Higher and Hit Targets?
Read MoreSince November 17/2020 EURCAD has been trending lower but visible bullish patterns on the 1 Hour time frame can be seen signalling traders of a possible move higher. On the 1 hour time frame a bullish market ascending triangle breakout pattern (light blue) and a bullish trend line breakout (green) was visible and on November […]
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GBPAUD : Will the Pair Move Higher?
Read MoreThere are visible bullish patterns on the GBPAUD 1 Hour time frame that can be signalling traders of a possible move higher. The blue bullish market pattern already triggered buyers at the BC 0.50% Fib. retracement level and the pair reacted with a small push higher from this level. At the moment more confirmation of […]
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GBPCAD : Market Patterns Calling the Move Higher
Read MoreOn October 27 2020 I posted on social media Stocktwits/Twitter @AidanFX “GBPCAD Watch for a move higher. Will be watching for possible buying opportunities.” The chart below shows bullish market patterns were visible and were calling for a move higher. Bullish Pattern (purple) triggered BUYERS at the BC 0.50% Fib. retracement level where the point D of […]
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USDCAD : Will the Pair Extend Lower?
Read MoreOn October 22 2020 I posted on social media Stocktwits/Twitter @AidanFX “USDCAD Sold/Short at 1.3142 Stop Loss 1.3177 Target 1.3107-1.3072 area.” The chart below of the USDCAD pair shows a bearish Lower Low/Lower High sequence (light blue) signalling the pair is in a down trend. A bearish divergence pattern (pink) formed when price chart registered a […]
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AUDUSD : Trading the Impulse Elliott Wave Three
Read MoreEvery trader that uses the Elliott Wave theory as part of their trading analysis knows that the strongest and longest of a impulse wave pattern is the wave 3. On October 8/2020 we at EWF advised our clients, in our members only area, that the AUDUSD pair was forming this impulse wave pattern. The chart […]