ShyneMJShongwe

ShyneMJShongwe

Looking to short the Pound$ on 4H with the main target being the critical HTF range.

ShyneMJShongwe

Time to see OIL recovering

ShyneMJShongwe

USDJPY Long idea

ShyneMJShongwe Updated 

Respecting the levels on H4 and Daily timeframe. Might be one of the false moves the market has been giving lately but it's worth holding.

ShyneMJShongwe

After nearly 2 months the pair has only moved 150 pips lower. Having tested the trend line from the 2017 October low and today that trend line was broken on a weekly bases although its not a confirmation. A close below would expose the 1.30155 area which can possibly test the lower level. Of course the fact that it broke the trend line does not mean its a...

ShyneMJShongwe Updated 

With the recent news of drone attacks on almost 50% of all production in Saudi Arabia, the demand of oil across the world could lead to a price increase. Of course a lot of if's will be in play but the world demand in oil could prove to be the major contributor to the price of oil rising.

ShyneMJShongwe

Anticipating a continuation of the channel should the market close within range of the channel. Otherwise a close below channel would invalidate that idea. A close below channel support would expose the 0.6490.

ShyneMJShongwe

Having failed to break the year to date support my bias for this pair is a buy.

ShyneMJShongwe Updated 

Anticipating a further drop down before going back up.

ShyneMJShongwe

Inverse H&S. My personal TP would be 84.144.

ShyneMJShongwe

My first target is at 130.317