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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NZDUSD : A Dip Lower Will Find Bulls
Read MoreNZDUSD Technical Analysis August 8/2020 NZDUSD remains bullish as long as the June 22/2020 0.6378 low remains untouched. In this analysis of the NZDUSD pair, market patterns will be used to determine where price can possibly reverse and bounce higher from. In the chart below, there are several possible bullish patterns that can trigger BUYS […]
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GBPCAD : Bullish Market Patterns Calling the Move Higher
Read MoreOn July 23 2020 I posted on social media Stocktwits/Twitter @AidanFX “GBPCAD Watch for BUYS against 1.6975 stops“ The charts below was also posted on social media StockTwits/Twitter @AidanFX July 23 2020 showing that bullish market patterns were clearly visible on the 1 hour chart calling for a move higher. Bullish pattern (orange) triggered buyers […]
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GBPJPY : Market Patterns Signalling the Move Higher
Read MoreOn July 15 2020 I posted on social media Stocktwits/Twitter @AidanFX “GBPJPY LONG/BUY at 134.47 Stop Loss at 133.97 Target 1 at 134.97 Target 2 at 134.47 Target 3 at 134.97“ The chart below was also posted on social media StockTwits/Twitter @AidanFX July 15 2020 showing that a bullish market pattern (light blue) formed signalling buyers […]
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USDCAD : Market Patterns Signalling the Move Lower
Read MoreOn July 7 2020 I posted on social media Stocktwits/Twitter @AidanFX “USDCAD I will continue looking for SELLS as long price stays below 1.3624. It’s entering the area where can possibly turn lower.“ The chart below was posted on social media StockTwits/Twitter @AidanFX July 8 2020 showing that a bearish market pattern (blue) formed signalling sellers […]
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EURAUD : Remains Bearish Pushing for New Lows
Read MoreOn June 30 2020 I posted on social media Stocktwits/Twitter @AidanFX “EURAUD Sold 2nd position at 1.6308 with Stop Loss at 1.6448“. The chart below was also posted on social media StockTwits/Twitter @AidanFX June 30 2020 showing that a bearish market pattern (light blue) terminated at the point D June 12 2020 high which signalled traders […]
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EURGBP : Trading the Rally Higher
Read MoreSince the start of May 2020 we at ElliottWave-Forecast have been advising our members that the EURGBP pair was going to rally higher. I published an article in May 2020 and another article start of June 2020 calling for the EURGBP move higher. On June 9 2020 I posted on social media Stocktwits/Twitter @AidanFX “Added 2nd […]