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. […]
-
Trading the Aussie Basket
Read MoreTrading a currency basket allows a trader to see the overall strength or weakness of the certain currency. Tracking a currency basket also allows a trader to search and enter multiple trading entries, meaning if a certain currency is showing strength or weakness, you can be sure that it is showing it’s strength or weakness […]
-
EURJPY : Trading the Breakout Lower
Read MoreEURJPY Technical Analysis EURJPY : Using trading 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. […]
-
EURUSD : Trading with the Trend
Read MoreEURUSD Trading with the trend : The pair remained in a lower low/lower high sequence this past trading week (Jan.19/2020-Jan.24/2020) meaning EURUSD was still in a down trend. On January 18/2020 I published this article on > EURUSD : Selling the Breakout Lower explaining the pair was in a LL/LH sequence lower. Traders should always […]
-
GBPNZD : Catching the Move Higher
Read MoreGBPNZD Technical Analysis On January 20/2020 I posted on social media (Stocktwits/Twitter) @AidanFX that GBPNZD was setting up to rally higher and for traders to watch for possible buying opportunities. GBPNZD 1 Hour Chart 1.20.2020 : The pair formed a bullish market pattern (blue) and price reacted higher off the point D XA 0.786% Fib. retracement […]
-
EURUSD : Selling the Breakout Lower
Read MoreEURUSD Technical Analysis EURUSD : Since the start of 2020 the pair has been pushing lower. Using trading 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 […]
-
USDCAD : Market Patterns Calling the Move Lower
Read MoreUSDCAD Technical Analysis The USDCAD pair since end of 2018 has been moving lower. The July 2019 low confirmed a lower low/lower high sequence. The possibility of the pair continuing the trend lower was visible but traders needed to wait on other signals/patterns to add more confirmation. In the charts below, clear bearish market patterns […]