Hi traders! Analyzing EUR/USD on the 1H timeframe, spotting a potential Dragon pattern with long opportunity:
🔹 Entry: 1.0956
🔹 TP: 1.11367
🔹 SL: 1.07787
Price action has formed a classic Dragon pattern — two symmetrical legs and a clear head, with the neckline (the hump) being retested as support. Currently, the pair is testing the neckline zone just above the 200 EMA. RSI is mid-range and curving up, showing early signs of bullish momentum.
If the neckline holds, we may see a strong bullish wave toward 1.1136. This pattern often leads to explosive upside moves once confirmed.
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
🔹 Entry: 1.0956
🔹 TP: 1.11367
🔹 SL: 1.07787
Price action has formed a classic Dragon pattern — two symmetrical legs and a clear head, with the neckline (the hump) being retested as support. Currently, the pair is testing the neckline zone just above the 200 EMA. RSI is mid-range and curving up, showing early signs of bullish momentum.
If the neckline holds, we may see a strong bullish wave toward 1.1136. This pattern often leads to explosive upside moves once confirmed.
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
Operación activa
Price has moved well above the entry at 1.0956, confirming the Dragon pattern setup. I've moved the stop loss to break-even to protect capital while letting the trade run toward the target at 1.1136.Momentum remains strong , 20 EMA is above the 200 EMA, and RSI is mid-range with bullish pressure building.
If we break 1.1136 with volume, we could see an extension toward 1.1166.
Risk-free now — letting the market do the work.
Operación cerrada: objetivo alcanzado
😎😎😎
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.