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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NZDUSD : Possible Bullish Patterns
Read MoreNZDUSD Technical Analysis December 19/2018 NZDUSD remains bullish as long as the October 8/2018 low remains untouched. On the Daily 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 bounce higher. The green bullish AB=CD pattern triggers […]
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CADJPY : Will Sellers Take Control?
Read MoreCADJPY Technical Analysis December 10/2018 CADJPY looks poised to make another move lower. There are bearish market patterns that are clearly visible. On the Weekly chart below, CADJPY formed a Bearish Pattern (blue) that triggered sellers on September 2017 where price reached the BC 0.50% Fib. retracement level. From this level CADJPY reversed lower signalling […]
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Will AUDUSD Rally Higher?
Read MoreAUDUSD Technical Analysis November 30/2018 AUDUSD BUY/LONG Trade Setup: October 26/2018 AUDUSD found a bottom and bounced higher. The bounce higher has formed a bullish Elliott Wave Impulse Pattern. The current wave count higher can now be seen as a five wave move with red wave 1 terminating at the high of November 16/2018. The […]
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AUDUSD : Another Possible Move Higher?
Read MoreAUDUSD Technical Analysis November 21/2018 AUDUSD BUY/LONG Trade Setup: October 26/2018 AUDUSD found a bottom and bounced higher. The bounce higher is possibly forming a bullish Elliott Wave Impulse Pattern. The current possible wave count higher can now be seen as a five wave move with red wave A or possible red wave 1 terminating […]
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CADCHF : Possible Impulse Wave Pattern?
Read MoreCADCHF Technical Analysis October 8/2018 CADCHF BUY/LONG Trade Setup: September 6/2018 CADCHF found a bottom and bounced higher. The bounce higher is possibly forming a bullish Elliott Wave Impulse Pattern. The current possible wave count higher can now be seen as wave ((iii)) terminating at the October 3/2018 high and is now correcting lower to […]
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EURAUD : Another Rally Higher?
Read MoreEURAUD Technical Analysis 9.23.2018 EURAUD BUY/LONG Trade Setup: February 2017 EURAUD found a bottom, rallied higher and has been trending higher since. Traders should continue to follow the trend and look for possible signals for any buying opportunities. At the moment the pair can extend higher as long as the September 20/2018 low holds. A […]