FX_Rhapsody

FX_Rhapsody

Lets see if price retraces to the area between 62%/79% Fibonacci Area for another buy oppertunity.

FX_Rhapsody

Looking at GBPJPY the daily price bounced off a strong support area, retested to the 62% Fibonacci and then started moving back to the area off support. will we see price breaking that support and continue with a bearish run, or will we see that support hold and the pound start with a bullish run? COT reports shows the Pound on a extreme low net positions and the...

FX_Rhapsody

Looking at GBPUSD, we see se daily closing with a Bearish Engulfing Candle which may indicate the end of a pull back on the daily and the start of more bearish movement on the GBPUSD. We might also see a pull back on the hourly to the 62% Fibonacci retracement of there is signs of reversal on the hourly the beginning of this coming week, so keep an eye on this one...

FX_Rhapsody

Looking at the Hourly time frame we see AUD ranging between support and resistance area. This week we might see the consolidation to continue or we can expect a break to the upside or downside. I'm personally looking at the break to the upside for if you look at the Daily time frame we want to see price retracing up more to a daily 62% Fibonacci level. COT reports...

FX_Rhapsody

Looking at the Daily time frame for USDCAD we see making a retracement after a quick bearish movement last week. I would like to see price retracing to at least the 62% Fibonacci area then look for sell opportunities on the lower time frames. COT reports shows CAD moving slowly towards the positive net positions.

FX_Rhapsody

Looking at the hourly TF on EURUSD we see price finishing last week out with a sort of consolidation. I would like to see price retrace back to the 62% / 79% Fibonacci level and look for buy opportunities, but price might break up from here. Keep your eyes focused on those lower time frames.

FX_Rhapsody

Looking at the daily TF on USDJPY, we see price making a retracement. I would like to see price retrace back to the area between 62% and 79% Fibonacci level and then look for buy opportunities on the lower timeframes. COT reports indicate a more positive/stronger net position against the YEN.

FX_Rhapsody

Looking at GBPUSD we see the a bit of consolidation on the 1H TF, price bouncing and respecting a area of support. if price breaks below this area we can expect price to retrace back to the 62% Fibonacci retracement and then start moving up. but there is a big possibility that price might buy from here, so keep an eye on the lower timeframes for any buy...

FX_Rhapsody

Looking at GBPJPY we see price doing a small consolidation around the T1 area ( 0% Fibonacci ). Price Action hunted liquidity and these is more liquidity at T2 and T3. Price might pull back to the 150.00 price and then go hunt that liquidity on top or just shoot from here, respecting the resistance turned support area. COT reports shows Yen getting stronger in net...

FX_Rhapsody

Looking at GBPJPY, we see price on a very strong support on the weekly and daily TF. Drilling down to the 1H TF we see a break in support with a possible retest either to the support turned resistance or pulling back to the 62% - 70.5% Fibonacci retracement level. COT reports shows a weak Pound and a Yen getting slightly stronger on the net positions. So all eyes...

FX_Rhapsody

Looking at GBPUSD. On the daily TF we see LH and LL. will this down trend continue? If price breaks below current support it will form a new LL. If price breaks and retests the bearish TL on the 1H timeframe, we might see structure being broken and start looking a Bullish movement in the form of HH and HL. COT reports indicate Pound on a extreme low net position...

FX_Rhapsody

Looking at USDJPY, price is testing that support turned resistance level. I would like to see price breaking the resistance, retrace back to the 62% Fibonacci Retracement and then sell, but that level might be respected and sell off from there. Look for possible signs early when market opens. COT reports indicate the Net Positions of the Yen getting stronger with...

FX_Rhapsody

Looking at EURUSD I would like to see price retracing to the 62% - 70.5% Fibonacci Retracement level. Once price gets to that zone, wait for buy confirmation. Expecting price to retrace up on the higher timeframes but again, need that confirmation. COT Reports shows a negative movement in Net Positions with lots of short being opened again the EUR.

FX_Rhapsody

Looking at the 1H chart on GBPUSD , I want to see price retrace to the 62% - 70.5% Fibonacci Retracement area, and then look for confirmation for a buy opportunity to hit the key areas ( Target areas ) highlighted on the chart. COT reports show and extreme Low for the Pound which might show smart money to go long very soon. The weekly TF shows a Bearish channel...

FX_Rhapsody

Looking at the 1H chart on GBPJPY, I want to see price retrace to the 62% - 70.5% Fibonacci Retracement area, and then look for confirmation for a buy opportunity to hit the key areas ( Target areas ) highlighted on the chart. COT reports show and extreme Low for the Pound which might show smart money to go long very soon.

FX_Rhapsody

Looking at EURUSD, we see a strong downwards trend line again being revisited by price. Will there be a daily candle breaking the trend line, touching the -50% Fibonacci target area ( for those that's currently in a sell ) and then pulling back and closing above the trendline and start heading up? Lower timeframes will tell the tale.

FX_Rhapsody

Looking at USDJPY for the week. Strong downwards trend line been broken and retested. will this support of this trendline hold and price moves up from here or will price retrace back to the 62% Fibonacci retracement area before heading upwards.

FX_Rhapsody

Looking at GBPJPY 1H timeframe we see 2 key areas on the chart. I would like price to break above or below those areas before looking at placing long or short positions. I will risk a trade early this week in this consolidation faze if price retraces back to the 70.5% Fib retracement area.