HayatoDragonFX

HayatoDragonFX

We could see price has been moving sideways for some time for EURUSD. In my opinion there is a bearish butterfly pattern forming now and price pretty much exhausted. There is a resistance at 1.1450 and price failed to break above it cleanly. At the same time, a bearish divergence can be spotted on stochastic so i am going to sell EURUSD from this point. Sell...

HayatoDragonFX

Based on the 4hr timeframe, I spotted a potential bearish cypher patern on GBPUSD. Price was rejeted from 1.2665-1.2630 area for 3 times and today we saw price touching this area again Since this sell position offering a nice 1:5 RR ratio, i think it is worh to try it. Also cypher pattern is one of the most reliable harmonic pattern so i am going to sell GBPUSD...

HayatoDragonFX Updated 

Based on the 4hr chart we could see there is a potential double top pattern on this pair. Previously this pair moving up inside a neat uptrend channel. During the last 3 trading days starting from thursday, friday, and monday, price managed to move below the channel and probably gonna make a lower high. Currently price hovering around 114.30-114.35 area which is...

HayatoDragonFX Updated 

Based on the 4hr timeframe we could see there is a potential reversal pattern for USDCAD. We could see USDCAD rotate higher as there is an inverted shoulders head pattern / broadening pattern. Price already broken above the resistance. We are going to time our entry on the pullback or retest of support. If prices continue going up, we will skip this trade and...

HayatoDragonFX

Based on the 4hr timeframe we could see price already finished with B correction of ABC movement from elliott wave. After B is finished, C is expected to come in and it usally go to around 61.8 - 127.2 fibonacci retracemen of B. I already have 1 buy position from 1.6190 and planning to add another buy position. During friday price finally managed to closed above...

HayatoDragonFX

After a 3 month 1500-pips bull run by AUDUSD from 0.5500 area to 0.7070, price start to exhaust and has been moving in a sideways direction for 1 month since 10 June 2020 to 10 July 2020. In my opinion we could see some correction from AUD now as there is also a fundamental issue regarding COVID-19 second wave. There is a triangle pattern forming, and price...

HayatoDragonFX Updated 

Based on the 4hr tf we could see clearly an inverted head and shoulders are forming. This also go along with GBPUSD pattern. We could see price continue to go up as GBP currently gaining strength. Buy gbpchf 1.1800-1.1815 Stop loss 1.1730 Take profit 1 @1.1875 Take profit 2 @1.1950 good luck

HayatoDragonFX Updated 

Based on the 4hr chart there is a double bottom forming. Price already broken through the resistance and then hovering around it for some time. The last 4hr candle close indicates another close above the resistance so i am convinced that price will continue going up Buy GBPAUD 1.8100 Stop loss 1.8020 Take profit 1 @1.8180 Take profit 2 @1.8260 good luck

HayatoDragonFX Updated 

Based on the 4hr timeframe we could see price making an inverted shoulders head patter. The last 4hr candle close confirm a solid close above the neckline of this pattern. Buy GBPUSD 1.2515 Stop loss 1.2450 Take profit 1 @1.2600 Take profit 2 @1.2675 Take profit 3 @1.2770 good luck

HayatoDragonFX

Based on the daily chart we could clearly see AUDNZD has a double top pattern and price already broken through the support. Price broke through the support since June 10th and then consolidating around it for 3 weeks. The last 2 day candle indicates selling pressure by the form of candles which looks like bearish pinbar / shooting star candle. Also keep in mind...

HayatoDragonFX Updated 

On the 4hr timeframe we could clearly see there is an ABC correction after 5 waves already completed. This ABC correction is from a bigger ABC degree on the ending diagonal of 5th wave so it was a bit tricky to play. Focusing only on the yellow box area it clearly looks like a flag pattern and price broke through the support with 2 solid red candles. We could...

HayatoDragonFX Updated 

Based on the 4hr timeframe it looks like price making a rising wedge pattern on EURJPY. Right now price hovering below the 121.30-50 resistance area which is previos structure support. Back then when price touch this area, sellers came in and push price back to the downside. The recent 4hr candle close showin a sign that price looks exhausted and might push it to...

HayatoDragonFX Updated 

Based on the 4hr timeframe we could see a descending channel on this pair. Today we got a solid candle close outside of this channel. Not only price closing outside of descending channel but also above the structural resistance. Buy GBPUPSD 1.2420 Stop loss 1.2355 Take profit 1 @1.2480 Take profit 2 @1.2540

HayatoDragonFX

Right now we could see EURCAD making an inverted shoulders head pattern on 4hr time frame. Price also broke through the neckline and right now i see a retest of this neckline. There is also a structural area around it where it acted as resistance before. Buy position can be taken at this retest for a potential upside. Buy EURCAD 1.5340 Stop loss 1.5260 Take...

HayatoDragonFX Updated 

Based on the 4hr timeframe we could see price making a cup and handle pattern. Theres is also a chance it is a bullish flag pattern. This 2 bullish patterns make me more confdent in taking buy position in this pair. Price broke through daily structure area as well, we could take a buy position with stop loss below the stucture. Also keep in mind Canada getting a...

HayatoDragonFX Updated 

EURAUD moved insde the yellow box area for 2 weeks and today we finally see a soid close above he ranging area on the 4hr timeframe. We could see price continue moving up to next resistace at 1.6550. A solid close above it will also open the possibility to go up until 1.6700 area. We could try buying EURAUD on the retracement or retest of this ranging area. Buy...

HayatoDragonFX Updated 

We are currently on the process of the 5th wave after Friday aggresive movement. Friday drops was the movement of 4th wave because it was so quick to turn around after touching 1747-50 area. That can be counted as 4th wave because it didn't touch 1st wave area. I am expecting price to continue going up until 161.8 fibonacci level which is around 1799-1800. Buy...

HayatoDragonFX

Based on the 4hr timeframe we i tried to analysis GBPJPY movement using Elliott Waves principle. Wave 3rd finished exactly at 161.8 fibonacci expansion level while Wave 4th stopped at 38.2% fibonacci retracement of Wave 3rd. Usually when the 3rd wave stopped at 161.8 fibonacci expansion of Wave 1, the 5th wave length will be the same with the 1st wave. The...