byo9

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Markets Allocation
100 % forex
Top Mentioned Symbols
USDJPY 40% | 2 USDCAD 40% | 2 AUDUSD 20% | 1
byo9 byo9 USDCAD, 60, Long ,
9 0 1
USDCAD, 60 Long
USDCAD

In my previous post analysis , i predicted that price reverse was likely due to the bullish divergence (purple arrows). However price had to form a bearish engulfing candle so it passes the 20SMA & trend-line resistance (black Line). Furthermore price had to retest the trend-line (labeled) to signal that the price reversal was complete. This is exactly what ...

byo9 byo9 USDCAD, 60, Long ,
9 0 1
USDCAD, 60 Long
USD/CAD

A few points below are likely to show that price is about to reverse , turning bullish. 1) Price has reached D1 horizontal support 2) H1 & H4 charts showing a bullish divergence (purple arrows) 3) Bearish momentum seems to be ending due to the small bear candles forming. However before committing to a long trade, am waiting to see the formation of a bullish ...

byo9 byo9 AUDUSD, 240, Long ,
33 0 2
AUDUSD, 240 Long
AUD/USD

D1 & H4 charts has been showing a bullish divergence (purple arrow lines) for a while now so maybe now price staring to reverse. On H4 chart price has already to raise but it has to 1st pass the 20 SMA & the trend-line resistance (black line) to clearly signal that price will remain bullish.

byo9 byo9 USDJPY, 240, Short ,
17 0 5
USDJPY, 240 Short
USD/JPY

As per my prediction earlier about 17hrs ago, price initially rose up to the tread line resistance , then started selling off. Next target at trend line support (about 40pips)

byo9 byo9 USDJPY, 240, Short ,
12 0 1
USDJPY, 240 Short
USD/JPY

i) Price likely to retest trend line resistance before continuing to sell off ii) Price might just continue to sell off after retest of trend line

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