myronemoyo

myronemoyo

We see a H&S formation on the 4hr chart which is also depicted by the 21MA & 50MA. We can expect a push into the yellow marked area .37333 with a high at .39. We would need sustained buying above .30. a fall below .26 would bring into question downside pressure into .16 Let me know your thoughts

myronemoyo

All the notes are on the chart. Let me know your thoughts.

myronemoyo Updated 

If I die, I die... lol Prices has come to the illusive 0.9000 region, multiple rejection wicks on the 4hr and daily. Market made a drive to 0.90 and rejected, we are looking for a daily close to confirm a false break and the potential to reverse to the downside. This is going to be a long (How ironic) one, prepare your swaps and commission. Remember your risk...

myronemoyo

Looking at the 4H and the Daily, we can see the potential for an inverted H&S, with the potential to the upside (1.3000 as final target) We are at lows, around the 1.2550 zone, which has served as previous support. Price is currently above this area, and I am looking for a movement to 1.272 through to 1.28, if we can break above, we can potentially see a price...

myronemoyo

Looking at the charts, the market has come to find yearly lows for the XXX/JPY crosses in the most recent weeks, with most pairs having pulled back away from the lows. I.e NZDJPY & AUDJPY, and could be an indicative move from the other crosses. GBPJPY, has found some support at 135.170, around the area the flash crash closed above, which begs the question of...

myronemoyo Updated 

EURAUD has been moving in an interesting manner of late. If you noticed on the 4 hour, a consolidation around 1.63500 to 1.6300 - with a spike up to 1.6450 and falling back into the 1.6300 - 1.6350 range thus creating a head and shoulders. Daily - We have come into Yearly highs, with a Spike up and a bearish close on the day, forming a shooting star/bearish...

myronemoyo

I see a H&S pattern in the higher time frames as well as being supported by the MA's and RSI all turning positive from Daily and below. Lets see how it plays out.

myronemoyo

We are back into the 1.79000 Supply Zone, this could extend up to the 1.8000 zone, before we see a clear rejection. My bias is still bearish. Me thinks this is a mild bit of short squeezing and a bull trap in the bigger scheme of things. The Head and Shoulders has not been completed due to Fundamentals. But who knows with this Brexit thing. We wait. Hit me up...

myronemoyo Updated 

GBPAUD Nicely rejected 1.7588 zone, following the noted trendline to create a new low. I am of the opinion that the price will return to the 1.7800 region where price will attempt to breach this level, however it has held as support for quite a while. I believe it needs to retest as resistance before we can continue on our way down. Exciting times in GA...

myronemoyo Updated 

Looks like XRP is looking to move upwards. Look at my chart and let me know your thoughts. Don't have much time to write full analysis, hit me up if you have any questions. Good Luck :)

myronemoyo

Look at the chart and take a look at my previous posts. Let me know your thoughts. :)

myronemoyo

Looking like the market as come back to its range high's. Failed to create new highs. Could this be the last push upwards, and can we see a downward continuation? Lets discuss this. Let me know your thoughts.

myronemoyo

Let me know your thoughts :)

myronemoyo Updated 

USD has been on a runaway train. Looking to Short USD as it is struggling to break through and sustain 1.3300 . Strong rejection on the 1HR and 4HR. Looking for a strong daily close to confirm bias. RSI (14) 77.4 - Looking overbought. Just a matter of time and a correction will be on its way. Looking for a retest of 1.3000. Look at the Chart and let me know your...

myronemoyo Updated 

Hey Guys, Still holding my trade that I posted about two weeks ago, however reentered at slightly lower levels. Scared money doesn't make money. As well as PATIENCE. Don't lose a good position for a short term movement. This is why risk management is KEY. We have been stuck around the 1.7520+ region for a while, however the Weekly level held (Nice wicks on the...

myronemoyo Updated 

FX:GBPCAD Currently GBPCAD is trapped under a descending Trendline, however it looks as though it is building momentum to break above the trendline as per its peer GBPAUD I see a rising wedge on the 4H and above the 100 and 200ma so is supported decently well, Daily close was strong with daily support of 1.73228 holding. Looks like the corrective move is getting...

myronemoyo Updated 

AUDUSD Finding support around the 0.75000 region, making HH and HL's - Looking poised to get to 0.7600. Daily Rejection looking solid, with the strong bullish close on the 4H. WIthin the descenting channel - looking to test the topside of the channel. A breakthrough of the channel high (0.76500) would lead to further gains in my opinion. Patiently waiting...

myronemoyo Updated 

XRP found base at 0.58591 possible head and shoulders structure coming into play. Broke above descending trendline, retested however a solid break above 0.62743 would support a long position. Trade Safe :)