HayatoDragonFX

HayatoDragonFX

Hello guys, it has been long since the last time we trade cryptos. Prrviously we trade XRP and ETH, for today i am going to buy XRP again. You could see price right now above 1.5 mark which is a strong support. This 1.5 is a weekly and psycological support level. Notice also EMA-21 right now at around this level. Buy XRP 1.5300 Stop loss 1.3000 Take profit...

HayatoDragonFX

As you can see price already broken below the ascending trendline for EURUSD. Right now price retracing at 61.8 fibonacci level. This could be a good entry point for sell positions. As wave-2 tends to end around 61.8-78.6 We will sell EURUSD here to ride the movement of wave-iii. Sell EURUSD 1.2085 Stop loss 1.2160 (75 pips) Take profit 1.1825 (260 pips) RR...

HayatoDragonFX

As long as price hold below 1.3980 we could expect price to continue going down. Price holding below the descending trendline for now so will try to forecast the movement with elliott wave theory. We're now on the process of wave-3 and this wave will consist of 5 subwaves. This wave-3 could go down towards 1.3660-1.3600. But in order to reach that, price need...

HayatoDragonFX

As you can see there is also bearish cypher pattern in play which could fuel further downside on this pair. I think the target will be at 149.50 in order to price make another pattern for retracement. For now we will just focus on the downside because we don't know where price will stop the drop in the future. Sell GBPJPY 151.70 Stop loss 152.30 Take profit...

HayatoDragonFX

We saw a potential bearish cypher pattern on this pair. This 0.7780-90 area could be potential reversal zone. Also AUDUSD has been holding 0.7810-20 area as resistance very well. Only a close above those area could trigger more buyers into this pair. For now, as long as price below 0.7810-20 we could expect price to go down. Sell AUDUSD 0.7785 Stop loss...

HayatoDragonFX

We see an inside bar pattern on the daily chart and price pretty much break below the candle. It also closed below EMA-21 and we might see further drop from this pair. Sell EURAUD 1.5555 Stop loss 1.5635 (80 pips) Take profit 1.5275 (280 pips) RR ratio 1 : 3.5 Use only 1-2% risk Good luck

HayatoDragonFX

Hello my friends, Another trade ideas for today is GBPUSD pair. As you can see price recently broken below the ascending trendline. It also bounce back from strong resistance at 1.4000. As long as price failed to closed above 1.4000 on a daily closing basis then we might see further weakness on GBPUSD. Right now price retesting the broken trendline and it also...

HayatoDragonFX

Hello my friends, GBPAUD just break below the trendline which supported it for the last 3 months since January 2021. Price right now retesting it as resistance and there is also descending trendline which will now become the resistance for this pair. It looks like price making a Head and shoulders pattern and the measured objective of this pattern is around 440...

HayatoDragonFX

Trade ideas for NZDCHF by Hardi Looks like this setup now ready to be taken. I've shared about NZDCHF when price finally broken above the deacending trendline. Right now price retracing around 61.8 fibonacci level which is a level i was waiting to take buy position. This trade might take some times to play as our plan as it spend 2 months in the correction...

HayatoDragonFX

Our first trade for May is GBPJPY. As you can see we are on the process of 1st wave. For now, we might see price continue going down towards 150.66 area which could provide us around 80 pips. We will use wave-i as our protective stop loss because wave-iv could not touch wave-i in Elliott Wave theory. Sell GBPJPY 151.47 Stop loss 151.75 (28 pips) Take profit...

HayatoDragonFX

I think we're going to see GBPUSD continue rise towards 1.4040. Price right now on the process of wave-V but this movement could be break down into smaller waves. This might be confusing for some people. Too make it short, i will buy this pair with only small stop loss. This setup offering a nice 4R setup. Buy GBPUSD 1.3940 Stop loss 1.3915 Take profit 1.4040...

HayatoDragonFX

This recent upwards movement could be the beginning of wave-5. Right now price retracing at 61.8 fibonacci level which is an interesting level to place our buy. I am going to buy XAUUSD because price might rise towards 1810-1815 area which is the next resistance level. Buy XAUUSD 1773 Stop loss 1761 Take profit 1815 (3.5R) Use only 1-2% risk Good luck

HayatoDragonFX

As you can see i draw a descending trendline which will be our resistance for USoil. As long as price below this trendline and hold below 64.50, we could see further decline in USoil. I am planning on taking sell positions for USoil. This trade gonna have 110 pips stop loss so use proper risk management for this pair. Desclining oil coulf provide fuel to our...

HayatoDragonFX

Price might bounce from this trendline for further upside in this pair. We are about to start the wave-(iii) which might target 0.9950-60 area if price stopped at 1.618 fibonacci extension. Buy AUDCAD 0.9600 Stop loss 0.9530 Take profit 0.9950 (5R) Use only 1-2% risk Good luck

HayatoDragonFX

Another pair with CAD in it is GBPCAD. We might actually finished this wave-iv exactly at EMA-200 support which is a strong support. I tried buying this pair because it offer 1:5 RR ratio with only small stop loss. The last potential HnS pattern of this pair has been invalidated so i think we will see reversal to the upside. Buy GBPCAD 1.7370 Stop loss...

HayatoDragonFX

We might see further upside on this pair as it is very bullish right now. I am going to buy this pair as well because the fundamental direction of CAD and potential drop on oil. We might start another bullish wave to the upside because this wave-(v) gonna be an extension wave. Buy EURCAD 1.5030 Stop loss 1.4940 Take profit 1.5380 (3.8R) Use only 1-2% risk Good luck

HayatoDragonFX

Previously i managed to took profits on this pair for +105 pips when i first call to sell it on Tuesday. It is now retracing back up on a nice point to enter sell again after yesterday BoC meeting. As you can see there is a double top pattern in play and we might see another drop soon on this pair as risk off sentiment and oil price on the verge off...

HayatoDragonFX

Price currently on a nice resistance area. We might see some bounce from this resistance to complete this sideways correction. We might see 1 more downwards movement before price continue going up again. I will try selling EURAUD from this point. Sell EURAUD 1.5600 Stop loss 1.5680 Take profit 1.5280 (4R) Use only 1-2% risk Good luck