Mmoremi

Mmoremi

My view on EURJPY

Mmoremi

My view on EU for the coming weeks

Mmoremi Updated 

-NZDUSD currently in its final stages . -Right shoulder forming, looking to go short for the rest of the year. -Broken lines are potential reversal regions - Note the 0.385 fib reversal (orange box) to the CTL. -Sell on LH exit LL best strategy to trade zig zag up/down trends

Mmoremi Updated 

Gold is currently trading sideways both on the weekly and daily timeframes,it recently tested the previous months support but struggling to break its CTL or the triangle region. If Gold finds resistance in its CTL we could see downward push to 1311.86 or lower.Daily close above 1343.62 supports long position to 1360.

Mmoremi

Crude oil is currently testing its CTL for the third time which usually suggests that it will shoot straight up possibly to 63.22 and above only if the CTL holds. We could also see a breakthrough to the downside with a target of 60.29. USDCAD could provide more information on future movements of oil as they are correlated.Id preferably wait for fundamentals before...

Mmoremi

JP225USD is currently consolidating, trending sideways a close above 21990.6 will trigger a buy stop i placed hopefully to 22675.2 or in the long run 23023.6 last quarters resistance. JP225 is currently trending below the 50 m.a on the daily but test the 50 m.a on the weekly charts .Overall outlook is bullish , so a close above 21990.6 will prove comfort for more...

Mmoremi

DE30EUR CFD is currently trading under the 50 m.a which would suggest there could be downside momentum if it holds below the 50 m.a.If it fails to break the 12195.9 priceline i'll be going short til 11944.5 . The 11944.5 PL is important as it failed to break last August so it should be interesting to see if it will hold or breakthrough it. Im not ruling out any...

Mmoremi

Bitcoin rather has me on my toes lately. -Ive tried highlight worst case scenarios on my charts hopefully you'll all follow. -Currently bullish about to test the tangent line. If it closes below ill be going in short. -If it closes above the tangent ill assume long until it tests tangent 2 -TP: 0.786 FIB if the trend trades bearish. -Consult with the 50 m.a for...

Mmoremi

Before going short please consider the following; -First need the trend to test the 50m.a and the tangent line simultaneously. - i'll be opening a shorting position and holding it as long as the trend trades below the 50m.a ,tangent line and 120.00 -Possible TP:57.00

Mmoremi

Simple chart work here . -Head and shoulder , trend closed at the right shoulder which usually suggests sellers are still active in the markets. -The trend also failed to break through the diagonal resistance line 3 time which also suggests further downward activity will occur the coming week. -The trend is trading below the 50 m.a - Larger bearish pin bar failed...

Mmoremi

ETHEREUM IS CURRENTLY TRADING ABOVE ITS 50 m.a, ID LIKE TO SEE ETC TESTING THE M.A BEFORE SHOOTING STRAIGHT INTO THE SKY -CRITICAL LEVELS :0.0031 AND 0.0035. -LOOKING FOR A DAILY CLOSE ABOVE 0.0035 WITH A TP OF: 0.0046

Mmoremi

Waiting for further signals but looks like its ready to go long. Take note of key levels . anything below 152 sell 152-170 will confirm rejection and reversal to the upside.

Mmoremi Updated 

Looking for GBPNZD to test the 200ema line before shooting straight up -Buy limit:1.87882 TP:1.92961 Patience

Mmoremi Updated 

Looking for a short -Sell Limit:1.72278 or 1.72558(0.786 fib) -TP:1.70720

Mmoremi

Volatility!!!! CADJPY in my opinion will be falling only if it respects the important priceline's on the chart. Firstly ill be watching the for a reversal at 89.945 to complete a Head & Shoulder formation. If the reversal does occur a new LH would've been formed which confirm the start of a bearish movement. I will also be waiting on the 20 ema to cross the 50...

Mmoremi

AUDUSD has been consolidating in an upwards bearish flag for the past year and could be looking to break below the flag to complete the pattern.The pair has recently tested the 200 ema on the weekly and daily. I will be shorting immediately when the markets open setting my first TP 0.75600. According to price action that's a very important priceline so i need to...

Mmoremi Updated 

Euro against the dollar has been quite bearish as of late due to Trump and Kim's feuds,Hawkish comments and tax policies . The reversal formed last September was due to price rejection on the daily time frame, a very strong demand price area . We can also take note of the head - shoulder formation which supports bearish momentum into the new year. Currently the...

Mmoremi Updated 

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