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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GBPUSD : Buying the Breakout Higher
Read MoreGBPUSD Technical Analysis GBPUSD : In the chart below, the pair made a bounce higher on December 23 2019. The pair found a temporary bottom and started a reversal by making higher highs and higher lows. Understanding how a possible short term trend can be forming is key to catching trade possibilities. Using trading filters/confirmations […]
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NZDUSD : Trading the Move Higher
Read MoreNZDUSD Technical Analysis On December 17/2019 EWF clients/members were advised that NZDUSD would bounce/rally higher. We use blue boxes to advise clients of potential reversal areas. In the chart below there is a clear Elliott Wave bullish impulse wave forming and we showed our clients the wave (4) termination in the blue box. Our clients […]
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EURUSD : Identifying and Trading the Elliott Wave Zig Zag Pattern
Read MoreEURUSD Technical Analysis EURUSD : An Elliott Wave Zig-Zag pattern is a 3 wave (A,B,C) pattern consisting of a 5-3-5 wave structure. 5 waves for the wave A, followed by 3 waves for wave B and finally another 5 waves for wave C to complete the Zig Zag pattern. The Zig Zag pattern is a […]
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GBPAUD : Calling the 800 Pip Rally Higher
Read MoreGBPAUD Technical Analysis GBPAUD : On July 30/2019 the pair found a bottom and has bounced higher since. GBPAUD, on the daily chart, has been making higher highs and higher lows from the July 30/2019 lows indicating that the pair is trending to the upside. Trading with the trend is always recommended at EWF. After […]
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GBPUSD : Triangle Breakout Pattern
Read MoreGBPUSD Technical Analysis GBPUSD : On September 3/2019 the pair found a bottom and has bounced higher since. GBPUSD has been making higher highs and higher lows from the September 3/2019 lows indicating that the pair is trending to the upside. Trading with the trend is always recommended at EWF. Near the start of December […]
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AUDJPY : Possible Move Lower Then A Bounce Higher?
Read MoreAUDJPY Technical Analysis December 1/2019 AUDJPY : 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 AUDJPY can possibly bounce higher from. If price extends higher above the AB 2.24% […]