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. […]
-
USDJPY : Higher High / Higher Low Sequence Trade Setup
Read MoreUSDJPY Technical Analysis March 11/2019 USDJPY BUY/LONG Trade Setup: USDJPY has formed a bullish inverted Head and Shoulders market breakout pattern (purple) and has already broken above the neck line BUY entry so we will expect more possible upside in the following days. A Higher High / Higher Low Sequence has started signalling that the […]
-
EURJPY : Trading Elliott Waves with Market Patterns
Read MoreEURJPY Technical Analysis March 5/2019 EURJPY SELL/SHORT Trade : Elliott Wave count for EURJPY shows wave ((a)) completed starting from the March 1/2019 highs and has since corrected higher to terminate possibly the wave ((b)) at the March 5/2019 high. Using Market Patterns together with a working Elliott Wave count allows traders to get more […]
-
AUDCAD : Market Patterns Calling More Downside?
Read MoreAUDCAD Technical Analysis February 24/2019 AUDCAD : Bearish market patterns can be seen on the AUDCAD 30 minute chart. In the chart below there are possible bearish patterns that can trigger SELLS if the market makes a minimal bounce higher. Both the green and orange bearish patterns triggers SELLS at the BC 0.50% Fib. retracement […]
-
EURJPY Possible Breakout Lower?
Read MoreEURJPY Technical Analysis February 18/2019 EURJPY SELL/SHORT Trade Setup : EURJPY is forming a bearish Head and Shoulders market breakout pattern. Price at the moment seems to be respecting the 50 Moving Average which can signal for more downside. Traders should watch for a break below the green SELL breakout trend line. A good break […]
-
USDCAD : Possible Breakout Higher?
Read MoreUSDCAD Technical Analysis February 14/2019 USDCAD BUY/LONG Trade Setup: USDCAD is forming a bullish inverted Head and Shoulders market breakout pattern. Price has already broke above the neck line which can be a signal that possibly more bulls will be entering LONGS and will start pushing the pair higher. Traders should watch for a good […]
-
NZDCAD : Buy the Dip for Another Push Higher
Read MoreNZDCAD Technical Analysis February 5/2019 NZDCAD remains bullish as long as today’s low (0.9008) remains untouched. On the 1 hour chart there are clear visible bullish patterns that can be seen. In the chart below, market patterns are used to determine where price can possibly pause and reverse higher. The green bullish pattern has already […]