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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EURJPY : Possible Bearish Scenarios
Read MoreEURJPY Technical Analysis 4.11.2018 EURJPY has possibly formed a temporary top at the February 2/2018 high. As long as the pair stays below this high EURJPY can start another move lower below the March 23/2018 low. In the chart below, EURJPY is showing four bearish patterns that are clearly visible. On the 4 hour chart […]
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CADJPY : Bearish Patterns Calling Lower
Read MoreCADJPY Technical Analysis 4.3.2018 CADJPY has possibly formed a temporary top at the March 28/2018 high. As long as the pair stays below this high CADJPY can start another move lower below the March 19/2018 low. In the chart below, CADJPY is showing four bearish patterns that are clearly visible. Blue bearish pattern already triggered […]
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USDJPY : Trading Market Patterns
Read MoreUSDJPY 1 Hour Chart 3.21.2018 USDJPY was showing market patterns telling traders that the possiblity of the pair moving lower was coming. On March 21/2018 I posted the above USDJPY 1 hour chart trade setup on Twitter @AidanFX calling that the pair will make another move lower. Market patterns were clearly visible for bears to […]
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GBPJPY : Trading Market Patterns
Read MoreGBPJPY Elliott Wave pattern, Harmonic pattern, Head and Shoulder pattern, Channel pattern, Wedge pattern, Triangle pattern, Cup and Handle pattern, W. Wave pattern, Double and Triple Bottom/Top patterns, Pennant pattern, Flag pattern are all market patterns that every trader sees everyday on every time frame. These market patterns all have precise trading entry levels and […]
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EURNZD : Calling Another Move Higher
Read MoreEURNZD Technical Analysis 2.26.2018 Looking at the 1 hour timeframe of EURNZD, the pair has found a temporary bottom on February 21/2018 and was followed by a good bounce higher. The bounce higher from the February 21 lows has done an Elliott Wave five wave impulse pattern calling for a continuation higher after a small […]
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GBPNZD : Possible Breakout Higher
Read MoreGBPNZD Possible BUY/LONG Trade Setup GBPNZD is forming a bullish inverted Head and Shoulders pattern. Price has already broke above the neck line which can be a signal that possibly more bulls will be entering LONGS and can start pushing the pair higher. Traders should watch for a good strong break above the green BUY […]