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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EURGBP: Bullish Possibilities
Read MoreSince November 2015 EURGBP has been moving higher and on April 7 it has formed a top and reversed lower. The cycle from November 2015 low to April 2016 high has ended and is now at the moment correcting lower. We still expect another move higher but need to wait for signs that this current correction/cycle […]
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Will NZDCHF break higher?
Read MoreOn August 24 2015 NZDCHF has bounced higher and since December 2015 it has been trading sideways stuck in a triangle structure. It now looks to be forming an Elliott Wave WXY Double Three correction pattern where we still need Wave e/(y) to terminate. Below we will show this Elliott Wave WXY Double Three correction pattern and […]
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CADCHF: Another Swing Higher is Highly Probable
Read More*Bullish patterns have been invalidated* CADCHF has been moving higher since January 20/2016. It has been making higher highs and higher lows showing that it is trending to the upside. It is also showing an Elliott Wave WXY (Double correction) where we still need to see the 7th swing higher to complete Wave Y. In the […]
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EURCAD : Scenario for Another Swing Lower
Read MoreEURCAD has been moving lower since August 24/2015 and we are viewing it at the moment as an Elliott Wave W-X-Y structure (double correction). Two other bearish patterns are also signalling for more downside for this pair. Wave ((w)) seems to be in place and we can now see a possible bounce to the 1.4850 […]