FX_Rhapsody

FX_Rhapsody

A Huge Bullish run from the Pound against the Yen. COT Reports shows a big amount of short being placed in the market, weakening the Yen even more. Will the Bullish run carry on through the last half of this month or will we see a retracement back down. Drilling down to the lower timeframes might give you a nice short opportunity for either a short retracement...

FX_Rhapsody

GBPUSD retraced back nicely to the 70.5% Fibonacci retracement level, tapping some Liquidity and testing the descending Trend line once again. Drilling down to the lower timeframes will give you and indication of price either breaking the resistance zone or selling off from here. COT reports indicate lots of shorts being closed but that could just be the bullish...

FX_Rhapsody

We see price hunting the liquidity that was built up the last couple of weeks. More liquidity liquidity lies below the -50% Fibonacci, but we might see a retracement before price carries on down, or it will first tap the the last liquidity before the retracement happens so keep an eye on lower time frames for reversal patterns. COT shows longs being closed and...

FX_Rhapsody

Good signs looking like UJ wants to break the monthly consolidation. Still early in the month, but some nice bullish movement. anticipating a retracement but lets see if price carries on upwards before it retraces back to our Fibonacci retracement zones. COT shows both longs and shorts being closed against the Yen, but slightly more shorts, still trading weak.

FX_Rhapsody

EURUSD is looking very bearish. I'm expecting a slight push up to the 62% / 70.5% Fibonacci retracement area before selling off more, but I will keep an close eye on EUR. If it breaks above the current resistance, price might push higher before continuing downwards. drill down to lower timeframes to look for sell entries. COT reports shows a small amount of longs...

FX_Rhapsody

The Pound tapping Liquidity above previous highs. Will price hunt more Liquidity a bit higher up or will the Pound go short from here. COT reports shows a big amount of shorts placed against the Pound, and the Yen getting slightly stronger. drilling down to lower timeframes will give us a clearer entry for this week.

FX_Rhapsody

The Pound retraced nicely to the 62% / 70.5% Fibonacci Retracement zone, with the daily candle tapping liquidity just above the 70.5% Fib retracement. COT reports shows lots of long positions being closed in the market and big amount of short positions being opened against the Pound, suggesting a push to the downside. Drill down to the lower timeframes to get a...

FX_Rhapsody

Looking at USDCAD we can see that price retraced back to the area between 62% and 70.5% Fibonacci zone, which also acts as a nice resistance turned support area. COT reports indicated a huge amount of Longs being closed against the CAD and more shorts being placed in the market, suggesting that USDCAD might respect this area and go Long from here.

FX_Rhapsody

Price retraced nicely to the 70.5% Fibonacci Retracement area. looking for a sell this week if price does not break above the 79% retracement. The Yen is slowly showing signs of recovery and on the COT reports shows more short being closed against the Yen and more longs being opened, indicating USDJPY to start dropping and hunting the Liquidity that lying below.

FX_Rhapsody

The EUR was testing the resistance most of last week and not breaking to the upside. Will we see the initial push to the 62% Fibonacci retracement this week or will price hunt liquidity at the bottom. COT reports indicates Long position being opened but a lot more shorts, suggesting a long term sell but with a initial push first.

FX_Rhapsody

I would like to see GBPUSD push up to g tap the 62% Fibonacci retracement are before selling off, but COT report indicates a lot of shorts being placed in the market against the Pound, so we might see the Pound moving further down and possibly breaking that area of support ending the month below that support area. drilling down to the lower time frames will give...

FX_Rhapsody

GBPJPY retraced nicely back to the 70.5% Fibonacci retracement area, tapping the string descending TL, so it looks like a nice sell for next week ahead. Drill down to the lower time frames for confirmation on the sell. COT reports a stronger Yen as more short positions is being closed in the market, which might drive the price down.

FX_Rhapsody

My outlook on EURUSD for this coming week. Price retraced strongly to the are between 70.5% and 79% Fibonacci retracement area, again forming a "possible" neckline to complete the Inverse Head & Shoulders pattern. COT report show a stronger net position for the EUR indicating a push to the upside this week.

FX_Rhapsody

MY outlook on USDJPY for this week. We see the fake breakout happening last week then price retracing back to the 70.5% Fibonacci retracement area. COT reports showing more shorts being closed against the Yen in the market giving ore confirmation that price is going to start selling off to the downside.

FX_Rhapsody

My outlook on GBPUSD for this coming week. Pound retraced to 62% fib retracement, but more liquidity lies at the 79% area, so price might move up from its current position or carry on downwards, tapping liquidity at 79% fib retracement and then shoot up. COT reports shows massive amount of shorts being closed on the Pound and huge amount of long positions being...

FX_Rhapsody

My outlook on GBPJPY for this week. I would like to see the pound retrace back to the 62% - 70.5% Fib retracement zone, taking some liquidity before shooting up to hunt liquidity at the top. COT reports indicate that massive amounts of short positions were closed and a huge amount of long positions were opened which might drive price up.

FX_Rhapsody

My outlook on USDJPY. Keeping a close eye on UJ this week. price retraced to the 70.5% Fibonacci, and went into consolidation the last 2 weeks. As soon as price breaks one of those Trendline we will look and opening positions on a lower timeframe. COT reports indicated a stringer net position of the Yen, so we might start seeing UJ go Short.

FX_Rhapsody

My outlook on EURUSD. Price retraced to the 62% Fibonacci retracement zone, together with the neckline retracement of the W formation. Also its in the zone of forming a possible Inverted Head and Shoulders pattern. All of that together with COT conformation of a big increase in net positions on the COT report for EUR, indicates a Long position might be on the...