AUDJPY Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for AUDJPY below:
The instrument tests an important psychological level 102.96
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 101.79
Recommended Stop Loss - 103.68
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Trading-signals
EURJPY Massive Short! SELL!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 167.64
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 165.91
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GOLD Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for GOLDbelow:
The instrument tests an important psychological level 2336.5
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2327.3
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDUSD What Next? SELL!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The price is coiling around a solid key level - 0.6618
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear , giving a perfect indicators' convergence.
Goal - 0.6550
Safe Stop Loss - 0.6662
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUDCAD Will Collapse! SELL!
My dear friends,
My technical analysis for AUDCAD is below:
The market is trading on 0.9059 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8998
Recommended Stop Loss - 0.9098
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Gold is forecast to increase due to continued instability in theThe US Federal Reserve (FED) cuts hobby fees and unrest will increase withinside the Middle East
Reports additionally endorse that ceasefire negotiations among Israel and Hamas have now no longer made a whole lot progress.
Gold stays under report highs hit in April, whilst the danger of a capacity conflict among Iran and Israel expanded safe-haven demand. But the yellow steel then dropped sharply due to the fact tensions among the 2 aspects had now no longer but emerge as a full-blown conflict.
Focus on reducing hobby fees, looking ahead to greater FED speakers. The greenback steadied after ultimate week`s decline, restricting any predominant profits in gold because the marketplace waits for greater hobby fee indicators from the Fed.
EURGBP: Short Signal with Entry/SL/TP
EURGBP
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURGBP
Entry - 0.8584
Stop - 0.8600
Take - 0.8558
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURJPY Set To Grow! BUY!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 164.62
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long ) signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 166.50
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
SILVER My Opinion! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 26.465
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 27.488
Safe Stop Loss - 25.807
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USOIL What Next? BUY!
My dear subscribers,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 77.93 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 78.62
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
“DRAGON” PATTERN IN TRADINGAs we dive into studying price action, we can't help but be intrigued by the interesting names given to various patterns. Names like "Two Rivers" and "Shooting Star" not only sound captivating but also accurately describe the patterns they represent. In this post, we'll introduce you to another powerful pattern known as the Dragon. This pattern, belonging to the reversal patterns, is not only commonly found in the Forex market but is also highly effective.
💡 HOW THE DRAGON PATTERN IS FORMED?
The pattern has known points, without which the formation is not possible:
HEAD
LEFT FOOT
RIGHT FOOT
HUMP
TAIL
Each of the points, should be placed in the specified place, without distortions and various force majeure.
The Dragon pattern is a reversal pattern in the forex market.
In order to successfully trade the Dragon formation, it is crucial to have a clear understanding of the important data associated with it.
📍 Firstly, in a downtrend, you must identify the last local lower high, which will serve as the head of the Dragon pattern. Subsequently, the market will continue to decline and reach a specific level that it cannot surpass, marking the left foot of the formation.
📍 The Dragon's Hump is then formed through a corrective movement from point 1 to point 2. It is essential that this correction does not exceed 38.2% to 50%. Following this correction, the market should attempt to retest the previous lows, ideally failing to do so. This failure indicates a potential shift in momentum, allowing for a buying opportunity.
📍 Drawing a trendline from the head to the hump serves as a signal line. Once this trendline is broken, the Dragon pattern is confirmed, signaling a long position entry.
📍 Setting a Stop Loss below the dragon's feet helps to manage risk, while the first target is set at the level of the hump and the second target at the head. Take Profit levels can be set at these targets to maximize profitability.
Another possible scenario is when the bears successfully bring the market below the initial support level. Personally, I find this detail somewhat undermining to the pattern. In such a situation, it can be interpreted as follows: if the bears succeed in pushing the market to new lows, it indicates that they may not be as weak as they seemed at first, which encourages caution in buying. However, if the price returns above the last local low and creates a false breakout with a bullish divergence, it can be considered a strong signal.
The bullish reversal pattern Dragon has its counterpart in the bearish reversal pattern known as the Inverted Dragon. Just like its bullish counterpart, the Inverted Dragon follows similar patterns and characteristics, so there is no need to describe it separately. As mentioned earlier, these patterns are named for their resemblance to real-life examples, and I have included a chart overlay in the screenshot below for reference.
It is essential to have a strategy and a set of rules when considering any reversal combination in forex market. As many books suggest, patterns often form at the bottom of the market. Although the market bottom may shift quickly, it is important to stay disciplined and adhere to the rules.
The concept of identifying the market bottom involves recognizing key levels where the market has previously rebounded. If a price has bounced off a certain level in the past, there is a higher probability of it happening again in the future. Therefore, it is crucial to look for potential patterns, such as the Dragon pattern, when the price nears a support level (for bullish patterns) or a resistance level (for bearish patterns).
📒 TO AVOID MISIDENTIFYING PATTERNS, IT CAN BE HELPFUL TO FOLLOW THESE GUIDELINES:
1️⃣ Start by identifying the current trend movement. In a downtrend, look for a dragon pattern, while in an uptrend, look for an inverted dragon pattern.
2️⃣ Remember that price reversals are more likely to occur at important levels. Without a significant level, there may not be a reversal.
3️⃣ Pay attention to the hump of the dragon pattern, ensuring it does not exceed 38.2% to 50% of the distance from the head to the left foot.
4️⃣ Consider the length of the right foot, which should be 5-10% of the distance from the left foot. Ideally, the right foot should be higher, but it can also be lower.
5️⃣ If there is a trendline breakout, take your time before opening a trade. Assess the potential gain and compare it to the expected loss. If everything checks out, go ahead and take the trade.
📊 USING THE DRAGON PATTERN IN TRADING
As you can see, identifying the pattern is not difficult at all. Remember the key rules:
The hump should be between 38.2% and 50% of the head, indicating left foot movement.
The right leg should be aligned as closely as possible with the left foot.
Most importantly, pay attention to the pattern at significant levels.
The appearance of a pattern does not guarantee that the trend will reverse, but it is considered a strong signal. It is important to make sure that the pattern is formed on a sufficient amount of data. Take into account other factors such as fundamental analysis and the market context.
✅ BOTTOM LINE
The Dragon pattern is widely recognized as a strong indicator of a trend reversal, making it a valuable tool for traders looking to capitalize on market movements. While it can be a helpful guide for entering trades in line with the anticipated trend, it is important to remember that no technical indicator is foolproof and a pragmatic approach is always advised. In addition to the suggested rules, it is essential to incorporate your own money management strategies to ensure profitable implementation of the Dragon pattern. Your feedback and any further perspectives are welcomed. Thank you for your time and input.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment
USDCAD My Opinion! BUY!
My dear subscribers,
My technical analysis for USDCAD is below:
The price is coiling around a solid key level - 1.3685
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.3754
My Stop Loss - 1.3635
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SPY Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the SPY next move:
The instrument tests an important psychological level 508.23
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 504.66
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
NATGAS My Opinion! SELL!
My dear friends,
NATGAS looks like it will make a good move, and here are the details:
The market is trading on 2.150 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.994
Recommended Stop Loss - 2.252
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
TESLA Set To Fall! SELL!
My dear subscribers,
This is my opinion on the TESLA next move:
The instrument tests an important psychological level 181.20
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 167.46
My Stop Loss - 190.37
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURUSD Will Collapse! SELL!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0758
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0709
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
QQQ Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for QQQ below:
The instrument tests an important psychological level 435.48
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 429.45
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
QQQ Under Pressure! SELL!
My dear subscribers,
My technical analysis for QQQ is below:
The price is coiling around a solid key level - 431.06
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 423.50
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURCAD My Opinion! SELL!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.4677 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.4644
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUDUSD Under Pressure! SELL!
My dear friends,
My technical analysis for AUDUSD is below:
The market is trading on 0.6581 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6616
Recommended Stop Loss - 0.6529
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NZDCAD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8170
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8149
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK