Dreokan

Dreokan

After making its most recent high, today Nas100 fell back to a buyzone, a 61.8 level, and the support of a trendline. I will be waiting for NAS to develop structure that signals a shift in momentum to the upside for the possible buy opportunity.

Dreokan

A retracement sell opportunity. The entry is confirmed at the break of the support level highlighted by the rectangle.

Dreokan

After reaching a high today Nas100 has retracted to the 61.8 level of the FIB. Im expecting the buy structure to be completed at the -61.8 level.

Dreokan

Small sell opportunity presented it sell by forming a head n shoulder structure. I'm expecting this trading day to end bullish though🔥

Dreokan

Assuming AUDUSD recent bearish momentum “AB” is a complete sell structure, the next logical step is for market to buy. My confirmation of this buy is only if price rejects the 78.6 level @ B a second time aroud. This bullish move should end around 0.72070.

Dreokan Updated 

Price is currently sitting at the 61.8 on the hourly timeframe after retracing from a high of a channel on the 2nd of June . Ideally I would be waiting for price to show a momentum shift to upside.

Dreokan

AUDUSD has bought back into a sell zone and if price continues to show respect to the sell structure it formed “ABCDE”, then I am expecting price to fall to the -61.8 zone.

Dreokan

After market reaching a high on the 20th of may, Im assuming the buy structure is completed. The next logical step is for market to complete a sell structure. Price should create a low in the 0.0 zone before continuing to push to the down side. On June 7th Im expecting a bullish day.

Dreokan

AUDUSD will not be bullish for too long. On the long term side of things I am expecting AUDUSD to be on a long term downtrend after reaching around the price zone of 0.74.