Dragon_Investments

Dragon_Investments

The pair has created a divergence with MACD, now price broke 50 sma in h4 chart and is aboove a falling wedge, this situation usually leads to a slow reverse, we have to keep our eyes on h4 and h1 timeframes before planning a long trade, pay attention to those red levels, they are the so called liquidity pool (look how strongly the price reacted to them even in...

Dragon_Investments

The loonie is inside a bearish strong trend, we can clearly see it in bigger timeframes such as weekly and daily, now let s analyze the h4 chart: the price is capped by the 200 sma and is in the Supply zone (the orange rectangle), this zone is really strong because we see that it worked perfectly several times, in addition the stochastic has created the so-called...

Dragon_Investments

The pair has broken a rising wedge recently and is now trading below the 50 sma in h4 chart and is in the bearish mood, we can clearly see the important divergence from the rsi to the price action; price will be pushed down towards the red line which highlights the first important support, if you decide to open a sell trade pay attention to the moving average and...

Dragon_Investments

The aussie is inside a bearish channel in H4 chart, the price broke the bigger trendline in daily chart and is now goign down towards the first green line (38.2% Fibonacci), look at the volumes: They are decreasing while the price is going up, it means that the pair is having a retracement and the trend direction is downward. Keep in mind that the 38.2% ...

Dragon_Investments

Gbpjpy is in a rising wedge, last week there was a fakeout and price will push down strongly towards the 200 sma in h4 chart, thereis a potential shark pattern that is gonna be formed, so wait for a stronger bearish move before oepning a trade and pay attention to news, on Friday there will be the GDP of UK, it is gonna be very important and results could be worse...

Dragon_Investments

Eurnzd is complewting the fifth wave in daily chart, if we look closer at the 4h chart we can observe that the sub-waves have a confluence with the bigger ones, so now tha price has finished the third sub wave and is going to retrace and then there will be the last bearish impulse towards 1.653 probably. You can open a sell trade when market will end the 4th sub...

Dragon_Investments

GBPJPY is inside a channel in h4 chart, the volumes are getting lower, that means that the buying pressure is decreasing and the price is going to drop towards the support trendline at least, we notice that the lower trendline corresponds to the horizontal support around 142.3, I think that price may fall in coming hours (tomorrow there will be high volatility due...

Dragon_Investments

GBPJPY has formed a bearish bat pattern during last days,now the price is located inside a Potenzial Reversal Zone between two resistances (the blue horizontal lines) and the Stochastic has produced a bearish divergence. A sell could be the best option in this kind of situation, there are good chances for a drop towards 138.5 near the 100 day moving average. Pay...

Dragon_Investments

EURNZD has just broken a falling wedge in the daily chart and is now moving in the demand zone, the price is ready to push up developping the A corrective wave, if we look at the price action in a larger tf we notice that the red line ( around 1.76) is equal to the 200- day moving average and the 50% fibonacci retracement, so that could be a valid take profit...

Dragon_Investments

The aussie has broken a head and shoulder and is now retesting the neckline (the pullback is a bit stronger than usual because it has gone a bit over the neckline), anyway The price is going to drop towards the HS target. The rsi is signalling a bearish inversion too and i biger timerfrime we notice a weekly bearish harami. I f you open a sell use a proper money...

Dragon_Investments

AUDCHF is in a sort of rectangle, the price seemed to have broken it on 31st of December but, pay attention, the volumes are very low and the rsi has created a DIVERGENCE, so I think that we are having a fake breakout, there are good chances for a drop towards the 200-day moving average (highlighted in green). The trade has a good risk reward ratio: 1:2.67. It...

Dragon_Investments

The pair is inside two different channels, thew bigger one is a bearish channel and eurocad is touchng the resistyance line for the second time (we can even notice a confluence witha horizontal resistance which is represented by the red line, price has been rejected multiple times in that zone that goes between 1.571 and 1.579), then the second small bullish...

Dragon_Investments

NZDJPY developped and broke a rising wedge, now the price is in a compression mode (red rectangle), it tried to push down last monday but failed, pay attention to the 50 sma in h4 chart, as soon as the price breaks it and closes below it, you can consider to open a sell position with the green zone as a target (around 72.00 could be a nice take profit because...

Dragon_Investments

Nzdjpy has completed a rising wedge pattern, the price broke the trendline and is going to drop for more than 400 pips during next weeks. The volumes are decreasing, it means that smart money are going out of the market and buy orders have been closed, if you look at the momentum oscillator (10-day ) you can notice a divergence, the same for rsi ( I did not show...

Dragon_Investments

AUDCHF is in a supply area, it is the third time that price reaches this zone, we can clearly see a bearish divergence in on balance volume. These comined factors make me think about a possible drop of the pair, there are three different areas in which we could take profitsaccording to our money management and our trading style: 0.6590 : first support (you can...

Dragon_Investments

The aussie has formed a bearish shark, the rsi is signalling a bearish move because it is in an overbought conditions, the previous 2 signals worked perfectly. I think that price might easily reach the 50% fibo retracemnt of the last leg of the harmonic pattern, so I mean 0.7145. That is the first take profit second take profit : 0.7100 which is 61.8% LAST take...

Dragon_Investments

The pair has approached 61.8% retracement in h4 chart, we can notice a rsi divergence and I think price will push up towards 137.6 in this week. enjoy your trading!

Dragon_Investments

Gbpchf has created a gartley pattern today, the point d is at 78.6% of the leg XA and so I think that there are good chances for a stong rebound of the price, in addition the price seems to break the rectangle in a bearish direction but I suppose it is a FAKEOUT because volumes are decreasing and the full leg cd has stopped right at 61.8% of the bullish leg...