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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USDJPY : Will Pair Continue Lower?
Read MoreUSDJPY Technical Analysis June 9/2019 USDJPY 15 Minute Chart June 8/2019: A bearish view can be seen on the 15 minute chart. In the chart below, price has broken below the previous higher low level (purple) which can be signalling that USDJPY may now shift and move lower to make newer lows. Breaking below the previous […]
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EURCAD : Elliott Wave + Bullish Patterns Calling Move Higher?
Read MoreEURCAD Technical Analysis May 30/2019 EURCAD : Bullish market patterns can be seen on the EURCAD 1 hour chart. In the chart below, both the blue and purple bullish patterns have already triggered BUYS. Blue bullish pattern triggered BUYS at the BC 0.50% Fib. retracement level and the purple bullish pattern triggered BUYS at the […]
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AUDCAD : Will Pair Continue Lower?
Read MoreAUDCAD Technical Analysis May 24/2019 AUDCAD remains bearish as long as the April 17/2019 high remains untouched. On the 4 hour chart there is a clear visible bearish pattern that can be seen. The blue bearish pattern triggers SELLS at the BC 0.50% Fib. retracement level. Price has still not reached this level so traders […]
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EURJPY : Trend Continuation Market Pattern Forming?
Read MoreEURJPY Technical Analysis May 17/2019 EURJPY can be possibly forming a bearish Gartley pattern. A Gartley pattern is a continuation of trend market pattern. This market pattern must form within a trending cycle and should never be traded if it forms at the beginning of a new trend cycle. The Gartley market pattern needs 5 […]
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EURUSD : Sell Trade Setup
Read MoreEURUSD Technical Analysis May 7/2019 EURUSD : Bearish market patterns can be seen on the EURUSD 15 minute chart. In the chart below blue bearish pattern triggers SELLS at the BC 0.50% Fib. retracement level. The orange bearish pattern already has triggered SELLS at the AB=CD 1.0% Fib. extension level signalling for more downside in […]
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AUDCAD : SELL Trade Setup
Read MoreAUDCAD Technical Analysis April 30/2019 AUDCAD : A bearish market pattern is forming on the 1 hour chart but has yet to trigger entry. In the chart below the blue bearish pattern still needs to make a small push higher to tag the XA 0.786% Fib. retracement level where price can see a possible reversal […]