HayatoDragonFX

HayatoDragonFX

As you can see price making a bearish pinbar exactly at 61.8 fibonacci level. We might see price drop from this level so i am planning to sell it here. Sell GBPAUD 1.8420 Stop loss 1.8470 Take profit 1.8200 (4.4R) Use only 1-2% risk Good luck

HayatoDragonFX

Trade ideas for EURNZD by Hardi As you can see, a potential rising wedge pattern could be in play. The target should be around 1.6810-20 area. Right now price retracing at the 61.8 fibonacci level after breaking below the support. This could be a short opportunity for this pair as it is now at an interesting level. Using elliott wave principle, we might assume...

HayatoDragonFX

Last pair for JPY crosses is EURJPY. It is now on area of confluence resistance. Not only horizontal resistance but also EMA-50. If you draw fibonacci retracement from ii to iii you will see we're around 61.8 fibonacci retracement as well. Check my NZDJPY and AUDJPY sell setup as well if you follow this. Sell EURJPY 132.15 Stop loss 132.70 Take profit 129.70...

HayatoDragonFX

We got another sell setup for JPY crosses which is NZDJPY. As you can see price making a hidden bearish divergence and it occurs exactly at EMA-50. We might see price rotate lower from this point. Sell NZDJPY 77.65 Stop loss 78.00 Take profit 75.80 (5.3R) Use only 1-2% risk Good luck

HayatoDragonFX

We saw a textbook setup of Elliott wave principle. Wave-iii stop exactly at 1.618 fibonacci extension and price then retrace for wave-iv. We could see wave-iv stop retracing any time soon. As price now facing EMA-50 as resistance. We still need protective stop loss to play it safely so we will use 84.00 as our stop loss because there is where wave-i...

HayatoDragonFX

Trade ideas for GBPJPY by Hardi Price right now on horizontal resistance level. There is also EMA-50 on this resistance level so we could say this is an area of confluence. Yesterday we see an aggresive meltdown on GBPJPY, which i assume as the wave-iii. Right now, I am assuming we're at wave-iv because it is retracing the recent meltdown. We will use wave-i as...

HayatoDragonFX

Trade ideas for GBPUSD by Hardi We could see further upside in GBPUSD. Price moving in sideways direction for the last 3 weeks. I think we will have explosive movement soon. We also currently completing WXY correction and might continue to go upwards completing wave-5. Wave-4 complete exactly at ascending trendline support. Notice that FOMC is just around the...

HayatoDragonFX

Recently, price managed to break below the support of this ascending broadening wedge pattern. Notice for price consolidate near the support before breaking below it. This consolidation looks like a bearish flag to me. We could expect price to continue go down towards 1.8100 area. The target of this wedge is at 1.8092 but we will aim to take profit a little bit...

HayatoDragonFX

We completed wave-3 to the upside exactly at weekly resistance level 134.00. I think we will soon see price going down to retrace for wave-4. It could go from 130-128 depending on the fibonacci retracement level whether it is 38% or 50%. Sell EURJPY 133.70 Stop loss 134.40 Take profit 1 at 131.00 (3.8R) Take profit 2 at 128.00 (8.1R) Use only 1-2% risk Good luck

HayatoDragonFX

Price previously broken above the marked yellow resistance area and go up for 160 pips. In my opinion we haven't see any retest to this resistance as a support and we might see one soon. There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up. Notice also the previous daily candle close looks like hanging man...

HayatoDragonFX

We could see price rotate upwards after broken above the recent patterns. To me it looks like falling wedge just like USDCHF pairs. For a fan of elliott wave it is a triangle wave-4. We will see price rotate towards 1.3200 area to complete wave-5. Buy GBPCHF 1.2690 Stop loss 1.2570 Take profit 1.3200 (4.25R) Use only 1-2% risk Good luck

HayatoDragonFX

Price making a ending diagonal / falling wedge / wolfe wave pattern. Overall all patterns are reversal pattern to the upside so we might see USDCHF continue north. Buy USDCHF 0.8980 Stop loss 0.8930 Take profit 0.9100 (2.4R) Use only 1-2% risk Good luck

HayatoDragonFX

Trade ideas for USDJPY by Hardi It looks like price broken below the bearish flag support with a solid candle on the 4hr tf. This could also be an ABC correction, either way both are correction to the downside so we will try selling this pair. Sell USDJPY 109.05 Stop loss 109.85 Take profit 106.20 (3.5R) Use only 1-2% risk Good luck

HayatoDragonFX

As you can see price making a rising wedge pattern or ending diagonal depending on your view using chart pattern or elliott wave. Overall both patterns target is around 131.70-60 which is the bottom of wedge/diagonal. Sell EURJPY 132.80 Stop loss 133.10 Take profit 131.70 (3.6R) Use only 1-2% risk Good luck

HayatoDragonFX

As you can see price completed wave-III with the all 5 sub waves. I assume wave-III is completed because waves-5 stopped exactly at 127.2 fibonacci of wave-4. Notice also it hit the support of this downward channel and bounce back up. For now, i think we could see upwards movement to complete wave-IV before another leg to the downside. Buy EURCAD 1.4630-40 Stop...

HayatoDragonFX

Previously our buy got stopped out at entry. I still hold bullish bias in this pair so i am going to enter buy once again from here. We could still see NZDCHF make another impulse to complete the bigger picture Wave-V which will consist of 5 sub waves. For now we will aim for take profit around 0.6740 area. Buy NZDCHF 0.6540 Stop loss 0.6490 Take profit 0.6740...

HayatoDragonFX

As you can see we spotted a HnS pattern forming and price already broken below the neckline. Right now is the retest of the broken neckline so we might try selling this pair at this retest. Notice that price broken below the neckline previously with a strong solid candle so we could see further drop in this pair. Sell EURAUD 1.5540 Stop loss 1.5590 Take profit...

HayatoDragonFX

As you can see on the daily timeframe there is a double top pattern formed. Price already broken below the support with a big bearish engulfing candle. This upwards movement could be only a retracement before further drop in this pair. Price spent several weeks consolidating inside 1.6820-1.6660 area which also looks like a flag pattern to me. Sell EURNZD...