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 : 1:3 Risk/Reward Target Hit
Read MoreJanuary 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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USDCAD : Catching the Move Lower and Hitting 3R Target
Read MoreBefore the start of the January 13 2025 trading week we called for USDCAD to make a move lower and showed our members the Elliott Wave bearish scenario. The USDCAD 1 Hour Weekend wave count below signalled to our members that the pair would move lower during the trading week. USDCAD 1 Hour Weekend Update […]
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USDCAD Moves Higher as Expected and Hits 4R Target
Read MoreOn December 31 2024 we called for USDCAD to make another move higher and showed our members the Elliott Wave bullish scenario. The wave count below signalled to our members that the pair would move higher during the trading week into 2025. USDCAD 1 Hour Midday Update December 31 2024 The Elliott Wave count confirmed […]
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EURUSD Moves Lower as Expected and Hits 5R Target
Read MoreOn the last weekend of 2024 we called for EURUSD to make another move lower and showed our members the Elliott Wave bearish scenario. The wave count below signalled to our members that the pair would move lower during the trading week into 2025. EURUSD Weekend Update December 28 2024 The Elliott Wave count for […]
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Will CADJPY Move Back Lower Towards the 106 Handle?
Read MoreThe chart below of the CADJPY pair shows the pair reacted lower from a bearish supply zone (Gray) and also reacted lower from a clear visible blue resistance level/previous support. A bearish divergence pattern (Red) also formed in the same zone/level signalling for a possible continuation lower. Price has since moved lower from supply zone signalling […]
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EURJPY : 1:4 Risk/Reward Target Hit
Read MoreOn December 4 2024 I posted on social media @AidanFX the EURJPY buy setup, “Will look for buying opportunities in the 157.57 – 156.97 area.” The pair tapped into the bullish demand zone (Green Box) triggering the buy entry. A regular bullish divergence pattern (1st Red) was visible signalling a trend reversal and bounce higher […]