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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GBPJPY AUDJPY : Calling the Move Lower
Read MoreGBPJPY Technical Analysis On March 17/2020 I posted on social media (Stocktwits/Twitter) @AidanFX “$GBPJPY will extend lower towards 126.60 area.“ GBPJPY 1 Hour Chart 3.17.2020 : The chart below was also posted on social media (StockTwits/Twitter) @AidanFX March 17/2020 showing that a bearish divergence pattern (purple) was forming on price and indicator. The GBPJPY chart shows that […]
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CADJPY : Catching the 600 Pip Drop
Read MoreCADJPY Technical Analysis On March 4/2020 I posted on social media (Stocktwits/Twitter) @AidanFX “$CADJPY Break below 79.88 and I’m selling … lets see if we see any downside momentum“ CADJPY 1 Hour Chart 3.4.2020 : The chart below was also posted on social media (StockTwits/Twitter) @AidanFX March 4/2020 showing that a bearish descending triangle breakout pattern […]
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AUDJPY : Multiple Time Frames to Identify a Trade Setup
Read MoreAUDJPY Technical Analysis Every trader should always view the market in the “bigger picture” first. Viewing the market starting from a higher time frame down to a lower time frame will offer a trader a clearer picture of the markets and will also allow a trader to ultimately decide which side to trade. AUDJPY Daily Chart […]
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AUDUSD : Trading the Break Lower
Read MoreAUDUSD Technical Analysis On February 25/2020 I posted on social media (Stocktwits/Twitter) @AidanFX “$AUDUSD watch for selling opportunities for extension lower .” AUDUSD 1 Hour Chart 2.25.2020 : The chart below was also posted on social media (StockTwits/Twitter) @AidanFX February 25/2020 showing that a bearish descending triangle breakout pattern (blue) was forming. I called for traders […]
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EURCAD : Downside Momentum Remains Active
Read MoreEURCAD Technical Analysis Since March of 2018 EURCAD has been trending lower. The pair at the moment remains bearish and we expect price to continue lower towards the 1.4150 area. Since November 2019 till now I been posting on Twitter/StockTwits the right side to trade was selling the pair. Bearish market patterns are visible signalling […]
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Trading Momentum Breakout Patterns
Read MoreTrading filters/confirmations is key to determine and to signal a trader on which side to trade the market. Trading filters/confirmations are strategies used to analyze the market. A trader should never trade off one strategy and should always combine strategies together to get a better read of the market. Trading filters/confirmations allows a trader to […]