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You are here: Home / Archives for Aidans Corner

Divergence Trading Patterns

CalendarSunday 17 May 2020 User By EWF Aidan

EURJPY, elliottwave, trading, market pattern, divergence, AidanFX, technical analysis, forex

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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  • AUDJPY : Trade Setup for a Move higher

    AUDJPY : Trade Setup for a Move higher


    The AUDJPY chart below clearly shows a bullish harmonic pattern (Light Blue) with a bullish divergence pattern (Red) terminating in a demand zone (Gray) signalling that the pair could reverse higher. I posted the chart below on social media @AidanFX on February 14 2025 and currently waiting for price to move lower to tap the […]

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  • USDCAD : Moves Higher as Expected and Hits the 1:4 Risk/Reward Target

    USDCAD : Moves Higher as Expected and Hits the 1:4 Risk/Reward Target


    On January 15 2025 I published an article –> Will USDCAD Rally Higher? , where I gave a BUY/LONG trade setup. USDCAD January 15 2025 (Setup/Entry) USDCAD January 17 2025  (Target Hit/Trade Closed) Buy trade entered January 15 2025 at 1.4334 with Stop Loss at 1.4301 and on January 17 2025 USDCAD moves higher and hits the 1:4RR target […]

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  • EURJPY : Bearish Market Patterns Signalled the Move Lower

    EURJPY : Bearish Market Patterns Signalled the Move Lower


    On January 24 2025 I posted on social media @AidanFX the EURJPY bearish sell setup. i.   Price enters and respects bearish 4 Hour supply zone (Gray Box) ii.  Bearish harmonic market pattern forms and terminates pattern in supply zone (Light Blue) signalling reversal lower. iii. Bearish regular divergence pattern (Red) forms and terminates in supply […]

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  • CADJPY : Moves Lower as Expected and Hits the 1:5 Risk/Reward Target

    CADJPY : Moves Lower as Expected and Hits the 1:5 Risk/Reward Target


    On December 30 2024 I published an article –>Will CADJPY Move Back Lower Towards the 106 Handle? , where I gave a trade setup on where to look for selling opportunities. CADJPY Daily Chart December 30 2024 (Setup) CADJPY Daily Chart January 6 2025 (Entry) CADJPY Daily Chart February 3 2025 (Target Hit/Trade Closed) Sell trade entered January […]

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  • Will USDCAD Rally Higher?

    Will USDCAD Rally Higher?


    Before the start of the January 13 2025 trading week we called for USDCAD to make a move lower first and terminate the wave ((ii)) which will then be followed by a rally higher. The Elliott Wave chart below advises to our members to watch for buying opportunities once the wave ((ii)) terminates with 1.4276 […]

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  • USDCAD : 1:3 Risk/Reward Target Hit

    USDCAD : 1:3 Risk/Reward Target Hit


    January 14 2025 we called for USDCAD to make another move higher to terminate wave ((b)). In the Elliott Wave count below we advised our members that the pair would push higher first followed by another extension lower. USDCAD Asia Update January 14 2025 Based on the Elliott Wave chart above, I was only looking […]

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