Every trader that uses the Elliott Wave theory as part of their trading analysis knows that the strongest and longest of a impulse wave pattern is the wave 3. On October 8/2020 we at EWF advised our clients, in our members only area, that the AUDUSD pair was forming this impulse wave pattern. The chart […]

The chart below of the EURAUD pair shows clear and visible bearish signals where the pair would find SELLERS and allow a trader to get in the market. A trader should always have a minimum of 3 reasons to enter a trade. In the case of EURAUD below, first reason was that there was visible […]

On September 16 2020 I posted on social media Stocktwits/Twitter @AidanFX  “GBPUSD Watch for selling opportunities as long price stays below 1.3060.” The chart below of the GBPUSD pair was also posted on social media StockTwits/Twitter @AidanFX September 16 2020 showing that a bearish market pattern (light blue) formed and triggered SELLS at the 0.886% Fib. […]

On September 17 2020 I posted on social media Stocktwits/Twitter @AidanFX  “USDCAD Will be looking for BUYS as long price stays above 1.3126.” The chart below was also posted September 17 2020 showing that bullish market patterns were visible calling for a move higher. Bullish Pattern (grey) triggered BUYS with a combination of a bullish divergence pattern  […]

On September 10/2020 AUDJPY registered a temporary top and started to trend lower.  When a market is trending it will make higher highs and higher lows in a bullish trend and lower lows lower highs in a bearish trend. Support and Resistance levels/zones are the basics of technical market analysis and traders use these levels/zones […]

Towards the end of August 2020 the GBPNZD pair reversed and has been trending lower since. At EWF we always encourage traders to trade with the trend and not against it.  Looking at the 1 Hour chart, GBPNZD was clearly trending lower and was in a correction mode at the start of last week which […]