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EURNZD : Tracking and Trading the Move Lower
Read MoreOn July 1 2021 EURNZD was showing several bearish patterns that was signalling the pair would move lower. The pair was stalling at key pattern SELL trigger levels that was signalling traders that sellers/bears were getting in the market. The chart below shows a bearish pattern (blue) completing point D at the BC 0.50% Fib. […]
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GBPUSD : Possible Bearish Pattern?
Read MoreA possible bearish pattern is visible on the GBPUSD 4 hour time frame. The blue bearish pattern still needs to make a push higher to complete point D at the BC 0.50% Fib. retracement level where GBPUSD can possibly find sellers to push the pair lower. The BC 0.50% Fib. level is also situated in […]
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USDJPY : Spotting and Trading Confluence Areas
Read MoreThe USDJPY pair last week formed a temporary bottom and reversed higher. A confluence area formed which led to the bounce higher. This area forms when trading techniques/strategies come together and create a high probability BUY/SELL zone. Confluence Trading signals a trader on which side to take a trade by combining more than one trading […]
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CHFJPY : Trade Setup for Another Possible Rally Higher
Read MoreMultiple bullish patterns are visible on the CHFJPY 1 Hour time frame. The pink bullish pattern completed point D at the BC 0.50% Fib. retracement level where the pattern triggered BUYS. Blue bullish AB=CD pattern also triggered BUYS in the area. If looking to trade CHFJPY traders should look to BUY near this level which […]
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CHFJPY : Multiple Bullish Market Patterns Signalled the Move Higher
Read MoreThe CHFJPY chart below was posted on social media @AidanFX June 7 2021 showing the possible bullish patterns. Blue bullish pattern triggered BUYS perfectly in the blue support/resistance zone. This support/resistance zone acted as a good support area where price reacted with a move higher. More added reason the pair could push higher was a […]
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EURJPY : Trading the Upside Move
Read MoreSince May 2020 to May 2021 EURJPY has been trending higher for the whole 12 months. On May 26 2021 we advised traders, in our members area, that EURJPY was in a position where the pair will make another move higher. We at EWF always encourage our members to trade with the trend and not […]