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. […]
-
GBPAUD : Down Side Trade Set Up
Read MoreGBPAUD Technical Analysis 6.28.2018 GBPAUD Possible SELL/SHORT Trade Setup: GBPAUD on the 1 hour chart has broken out of a possible bearish pattern and a Momentum Price Action Breakout Pattern can be forming where bears can potentially push the pair lower. Traders should be watching to see if price respects the 50 Simple Moving Average […]
-
GBPAUD : Possible Bearish Scenario
Read MoreGBPAUD Technical Analysis June 18/2018 GBPAUD Possible SELL/SHORT Trade Setup: GBPAUD on the Daily chart has clear possible bearish patterns which can be signalling for a move lower in the coming days and weeks. Traders should be watching to see if price will respect the 50 Simple Moving Average (Turquoise) and reverse off lower in […]
-
NZDUSD : Possible Reversal Higher?
Read MoreNZDUSD Technical Analysis 5.25.2018 NZDUSD at the current moment looks to be in a 3 swing move lower (Daily chart) starting from the July 27/2017 highs. Expect price to continue lower and break below the November 17/2017 lows. If breaks lower, the next level of interest where NZDUSD can find support and possibly reverse and […]
-
EURJPY : Will Bears Push the Pair Lower?
Read MoreEURJPY Technical Analysis 5.16.2018 EURJPY Possible SELL/SHORT Trade Setup: EURJPY on the 1 hour chart is breaking out of a possible bearish channel pattern and a Momentum Price Action Breakout Pattern can be forming where bears can potentially push the pair lower. Traders should be watching to see a retest and also watch to see […]
-
GBPAUD : Eyeing the Possible Breakout Higher
Read MoreGBPAUD Technical Analysis 5.10.2018 GBPAUD Possible BUY/LONG Trade Setup: GBPAUD is forming a possible bullish inverted Head and Shoulders pattern (Purple). Traders should watch for a good strong break above the purple BUY breakout trend line. A good break above this level will send GBPAUD higher and can extend possibly to newer highs above the March […]
-
EURJPY : Possible Move Lower
Read MoreEURJPY Technical Analysis 5.1.2018 EURJPY has possibly formed a temporary top on April 24/2018 and has since reversed lower. On April 11/2018 I published this article calling for a possible reversal lower coming in the near future > EURJPY : Possible Bearish Scenarios . On the chart below there are 5 bearish pattern setups that are […]