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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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 […]
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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 […]
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GBPCAD : Bearish Market Patterns Calling for Another Move Lower
Read MoreGBPCAD Technical Analysis October 2/2019 GBPCAD : Possible bearish patterns are visible on the 4 hour chart. The orange bearish pattern still needs to make a push higher to complete point D at the BC 0.50% Fib. retracement level. At the moment traders need to wait for price to reach the the BC 0.50% Fib. […]
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NZDCAD : Will the Pair Continue Lower?
Read MoreNZDCAD Technical Analysis September 24/2019 NZDCAD : A possible bearish pattern is visible on the 1 hour chart. The green bearish pattern still needs to make a push higher to complete point D at the BC 0.50% Fib. retracement level. At the moment traders need to wait for price to reach the the BC 0.50% […]
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GBPUSD : Trading the Move Higher
Read MoreGBPUSD Technical Analysis Using Elliott Waves to forecast the markets can allow a trader to decide which side to trade. Tracking GBPUSD at the start of the trading week (September 8/2019 – September 13/2019) we saw that there was a possible wave count that was calling the pair to trade higher. Before the start of […]
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GBPCAD : Bullish Elliott Wave Count + Bullish Market Breakout Patterns
Read MoreGBPCAD Technical Analysis Before the start of the trading week (September 8/2019 – September 13/2019), we at Elliottwave-Forecast advised our clients/members that GBPCAD still had another possible move higher. From our members only area, the chart below shows that we were calling for wave ((b)) to terminate which should then be followed by a move […]