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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EURAUD : Trading the Move Lower
Read MoreThe chart below of the EURAUD pair shows clear and visible bearish signals where the pair would find SELLERS and allow a trader to get in the market. A trader should always have a minimum of 3 reasons to enter a trade. In the case of EURAUD below, first reason was that there was visible […]
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GBPUSD : Visible Bearish Market Pattern Hitting a Resistance Zone
Read MoreOn September 16 2020 I posted on social media Stocktwits/Twitter @AidanFX “GBPUSD Watch for selling opportunities as long price stays below 1.3060.” The chart below of the GBPUSD pair was also posted on social media StockTwits/Twitter @AidanFX September 16 2020 showing that a bearish market pattern (light blue) formed and triggered SELLS at the 0.886% Fib. […]
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USDCAD : Market Patterns Calling the Move HIgher
Read MoreOn September 17 2020 I posted on social media Stocktwits/Twitter @AidanFX “USDCAD Will be looking for BUYS as long price stays above 1.3126.” The chart below was also posted September 17 2020 showing that bullish market patterns were visible calling for a move higher. Bullish Pattern (grey) triggered BUYS with a combination of a bullish divergence pattern […]
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AUDJPY : Support Becomes Resistance
Read MoreOn September 10/2020 AUDJPY registered a temporary top and started to trend lower. When a market is trending it will make higher highs and higher lows in a bullish trend and lower lows lower highs in a bearish trend. Support and Resistance levels/zones are the basics of technical market analysis and traders use these levels/zones […]
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GBPNZD : Trading with the Trend
Read MoreTowards the end of August 2020 the GBPNZD pair reversed and has been trending lower since. At EWF we always encourage traders to trade with the trend and not against it. Looking at the 1 Hour chart, GBPNZD was clearly trending lower and was in a correction mode at the start of last week which […]
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EURGBP : Using Market Patterns to Trade the Move Higher
Read MoreOn September 3 2020 I posted on social media Stocktwits/Twitter @AidanFX “LONGSIDE EURGBP“. The chart below was also posted September 3 2020 showing that bullish market patterns were visible on the 4 hour chart calling for a move higher. Bullish Pattern (green) triggered BUYS at the XA 1.27 Fib. retracement level and the bullish AB=CD pattern […]