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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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 […]