byo9

byo9 Updated 

Bearish divergence (purple arrows) has been forming over the past week. I predict that within this week price will fall below the 20SMA (yellow line). If this happens i will then expect a price retest of the 20SMA where i will then be looking to place a SHORT trade. For now its a wait & see if what i've predicted will happen....more updates to follow with the week

byo9 Updated 

Price currently appears to have strongly reacted Bullishly as its has entered a potential Demand Zone (white rectangle). At the same time price has formed a inside Bullish Divergence with the RSI (purple arrows). However it will be premature to enter a Long trade just now as i will be waiting to see price break above the 25 SMA (yellow line) then a retest to the...

byo9 Updated 

Ive been watching this pair as a Bearish Divergence (Purple Arrows) has been forming from the beginning of this week on 4H. However as price is showing weakness (at time of writing) signalling that pressure from Bears is mounting, It would be premature to enter a Short trade at present. Am waiting for price to break below the 25 SMA (Yellow line) and retest this...

byo9 Updated 

117.57 has proven to be a solid Demand Zone as price has found Support here more that 3time, shown by the purple arrows. As price continues to ascend from the Demand Zone am looking for a buy opportunity to arise hopefully from a replacement. My initial target will be at 118.79 where price has previously found resistance . Then depending on the Bullish...

byo9 Updated 

Bearish outside divergence (purple arrows) has given way to sell off in price signalled but the massive drop on the 19th (01:00hrs on H4) . Now that price has reached the end of its retracement (at the time of writing) , as it approaches the SMA I predict that price will find resistance which would cause a further decline till it reaches Support at 107.70 (...

byo9 Updated 

I should've put up this post earlier as I took a long trade yesterday at @ 8:32am. Price rallied through out the day so a currently up by 95pips. My initial target is to see if price passes 12466.5, which is a resistance level on H4 as price retraced from on 29th of July . If this level is not passed within the next 4-8hrs I will be looking at closing trade. My...

byo9 Updated 

This commodity is undecided on whether is in an overall uptrend or downtrend. However the sentiment just now appears to be bullish as the last 4hr candle (@10am) has shown retracement. I've entered a long trade with initial TakeProfit @ 55.86 then at 58.17 if the untend continues

byo9 Updated 

EUR has been really strong against the GBP which is struggling due to Brexit - DEAL OR NO DEAL uncertainty. I predict that there is a short opportunity within this market for the time being. Using the Fib levels , will have to wait & see if price reaches any of the crucial levels (0.618/0.5/0.382) before the down trend continues . Alternative if the Bearish...

byo9 Updated 

I predict that price will continue raising till it reached round about 56.36 (blue line). This area could potentially be inviting for BEARS to re- enter the market and drive the price lower to or even beyond the Demand zone (shaded) . For now its a wait & see if price reaches 56.36 before entering trade ....fingers X'd.

byo9 Updated 

Price has moved below 20 SMA so predict a temporary decline in price till it reaches Supports @ around 0.6699. This would then be a good price/place for Bulls to look for entry & continue with the uptrend.

byo9

with the EUR gaining strength across most of its pairs this week , its most likely this pair will also raise. If price takes the bull run, I expect resistance at the two technical price tagged levels

byo9

It appears that price is continuing with its Bullish momentum which started from 15/02/19. From the 1D chart, price initially retraced on 25/02/8 as 0.5 fib level giving a very strong 3rd Elliott wave. Now price is its 5th wave following a Bullish engulfing candle from yesterday .Hence i predict price to continue on the uptrend till it reaches the 1W resistance...

byo9 Updated 

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

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

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

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

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