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. […]
-
CADJPY : Watch For Possible Buying Opportunities
Read MoreCADJPY Technical Analysis November 14/2019 CADJPY : A possible bullish pattern is visible on the Daily time frame. The blue bullish pattern still needs to make a push lower to complete point D at the BC 0.50% Fib. retracement level where CADJPY can possibly bounce higher from. If price extends higher above the AB 2.24% […]
-
AUDCAD : Will the Pair Bounce Higher in 2020?
Read MoreAUDCAD Technical Analysis November 3/2019 AUDCAD : There are clear visible bullish market patterns on the weekly chart but traders will still need to wait for more confirmation that a bottom will form. AUDCAD still needs to make another move lower to trigger the dark blue bullish AB=CD pattern. Bulls can possibly be waiting below […]
-
USDJPY : Watch Reversal Zone for Another Move Higher
Read MoreUSDJPY Technical Analysis November 2/2019 USDJPY remains bullish as long as the August 26/2019 low remains untouched. In this analysis of the USDJPY pair, market patterns will be used to determine where price can possibly reverse and bounce higher from. In the chart below, there are 3 possible bullish patterns that can trigger BUYS near […]
-
EURUSD : Momentum Buy Breakouts
Read MoreEURUSD Technical Analysis EURUSD : Towards the end of September 2019 the Lower Low and Lower High sequence starting from September 13/2019 high stopped when the bounce off the October 1/2019 lows started a reversal by making higher highs and higher lows. Understanding how a possible short term trend can be terminating is key to […]
-
GBPAUD : Watching for Possible Selling Opportunities
Read MoreGBPAUD Technical Analysis October 12/2019 GBPAUD : Possible bearish patterns are visible on the 4 hour chart. Pink bearish pattern triggers SELLS at the point D XA 0.886% Fib. retracement level and the green bearish pattern triggers SELLS at the point D XA 1.618% Fib. retracement level. Traders need to wait and see if price […]
-
XAUUSD : Bullish Market Patterns
Read MoreXAUUSD Technical Analysis October 12/2019 XAUUSD : Possible bullish patterns are visible on the 4 hour chart. Blue bullish AB=CD pattern already triggered BUYS at the point D AB=CD level on October 1/2019. Price has since bounced higher from this level and is now currently in a correction lower and which can possibly bounce higher […]