Dragon_Investments

Dragon_Investments

gbpchf has developped a symmetric trinagle, if you see the volumes are really thin, it means that the market is in a compression mode; there are high chances that the upper trendline will be broken, during these days there will be eu-uk talks and I m pretty sure that a deal will be found, and if this should happen the sterling will push up even though the Bank of...

Dragon_Investments

The pair could make a bearish move in order to create the pattern. Use a stop of 15/20pips with 100 pips take profit

Dragon_Investments

The pair is trading in the supply area (highlighted in green) where liquidity pool lies, the price is capped by the kijun sen (which is above the tenkan sen) and the cloud senkou a line has crossed senkou b one giving a potential bearish signal. Pay attention to the reaction in these days, there might be a drop towards 122.62.

Dragon_Investments

AUDUSD broke a support last week and is testing it these days ( the upper green line ), now I think that there will be the 4th wave, which could drive the pair towards the second support at least; 0.7020 is the first target. Use an appropriate money management.

Dragon_Investments

The pair is testing the support of the rectangle (it was prevoiusly a resistance), wait the close of the candle of today, if it is above 0.9180 you can buy and set 0.945 as a target for the Wave 5 whereas if the price closes below that level it is better to wait for a reversal signal in h4 and h1 charts, an important level is 0.9145 which is the 61.8% fibonacci of...

Dragon_Investments

eurjpy has developed a head and shoulders, price had broken it and is retesting the neckline for the second time, very good chances for further appreciation of the jpy untili 119.34 which is the next support.

Dragon_Investments

The pair has retraced 50% of the move , the 200 hour simple moving average is below the price and is giving immediate support. A move towards 1.30 is expected by the end of the week. Use a strict money management. Enjoy your trading|||

Dragon_Investments

The pair is in a rectangle, we can see a strong rsi divergence which may suggest a possible upside breakout, the Cable needs to close an h4 candle above 1.2780 in order to validate it. in daily chart it s been formed the C wave (retracement from 1.30 to 1.2765) and now there should be a new wave 1 towards 1.30. If the price closes under 1.275 you can open a sell...

Dragon_Investments

The pair is in a bullish trend in daily and weekly chart, anyway it has reached an important resistance during last week (around 0.927) which has hold since 2009. I think price can push down until at least 0.88 in coming weeks. The first target is 0.9085 which can be hit in 1-3 days. The volumes are not so high, it means that smart money has already entered in the...

Dragon_Investments

The pair has formed a triple top in last months and now it will drop towards the 200-day simple moving average at 68.8, it could be the first target of the bearish impulse because if that moving average will be broken nzdjpy could reach even 66.00 which is one of the most important support zones. New Zeland economy is not performing very well and the RBNZ will...

Dragon_Investments

The pair has broken the 100 sma in h4 chart and has bounced from the support area between 1.316 and 1.313; there was a stop hunting yesterday when the price has had a spike at 1.31189 (it was a fakeout of the trendline). Now there will be the 5th elliot wave which will go towards the 50% of fibonacci retracement in the daily chart ( around 1.335), the trade has a...

Dragon_Investments

The pair is in a descending channel in weekly timeframe, if we look at the daily chart we can see that the price has broken the 50-day moving average and has formed a double top in the last month,I think that the price could go down towards the liquidity zone around 66.2, that is the target in a 2-month view; if we analyze the pair on a shorter term view the first...

Dragon_Investments

Gbpcad is in an uptrend since the august of 2019, now if we look at the daily chart we can see a short-term uptrend since the double bottom formed at the beginning of july 2020, the price is now above the trendline and is testing it. If we count the waves we can see that the pair is creating the fourth one (which is a flag as highlighted in the chart). I think...

Dragon_Investments

the pair is approaching a resistance area in daily chart, previously the price has tested a descending trendline and I think bearish pressure is still high, nzdjpy will come back on the VWMA around the first support, then if that zone will be broken the target area is around 66 as highlighted in the chart. The stop loss is very tight, the risk reward ratio is...

Dragon_Investments

The loonie has formed a wedge during this week and yesterday it managed to break it; today there has been a retest on the trendline. 50 moving average in h4 is supporting the price action and I think that there are good chances for an upside leg whith 1.387 as a target. Ichimoku cloud (the "kumo") is now under the price and is offering support, kijun and tenkan...

Dragon_Investments

The pair has had an accumulation phase during march ,april and may and during the first part of June there was a trend-phase, now there is the didtribution-phase in which institutionals traders sell their trades, I think price might fall towards the demand zone during this and next week, in daily chart the trendline has been broken and tested. Rsi (21 days) has...

Dragon_Investments

AUDUSD has broken a small trendline in H4 and during the morning it has formed a long shadow with a close over the support and the 100 EMA, I think that the shadow was a stop hunting caused by big banks in order to create liquidity for an upside movement. The trade has a risk reward ratio equals to 1: 3.13 so it is excellent! If you want to avoid to be stopped...

Dragon_Investments

THE SP500 future contract is trading in a rsing wedge and the volumes are quite low, I think that in next days we will see a strong breakout and a fall of the price, this V-shaped recovery will not last long because Covid risks are still high all over the world. Use a correct money management and check audusd because in this time they are correlated, if you look...