RhysFX

RhysFX

THIS IS MY BIAS ON USD/CAD. I am aware price could in-fact carry on down to bounce off previous Downtrend. Follow my insta @RhysFX_ Like and follow here too for future analysis !

RhysFX Updated 

I am shorting BTC/USD upon the break of a trend line which we have previously seen with a decent sell off. I am currently in profit of around 10 pips. I DO NOT REGISTER THIS A SIGNAL . Please trade at your own risk.!

RhysFX Updated 

My current BIAS for USD/JPY for the upcoming week is NEUTRAL. My reasoning behind this is -We are currently rejecting a previous Weekly Support. -We have gapped around 45 pips in the market. -We will be looking for the gap to refill as usually when a gap is made in the market after market opening we tend to see price revisit previous price before then...

RhysFX Updated 

My BIAS for EUR/USD for the upcoming week is NEUTRAL. My reasoning behind this is -We are currently at an area which was previous 4HR Support/Resistance . -We could see a break above 1.11600 and look for Buys up to our Supply zone at 1.11800 or even higher to our Daily Resistance at 1.12150. -We could also see rejection of our 4HR Support/Resistance and a...

RhysFX

My BIAS for USD/CAD for this upcoming week is NEUTRAL. My reasoning behind this is -We are currently consolidating between 1.33400 & 1.31900. -We have just rejected a strong level of Daily Resistance and broke down about 50% of the current distance between our Daily Resistance and our strong 4HR Support. -We could see a break above our Daily Resistance...

RhysFX

My BIAS for USD/CHF for the upcoming week is mainly SELL. My reasons behind this are -We can see previous Lower Lows & Lower Highs with lows breaking below our most previous Higher Low. -We will be looking now for price to break our previous LL for a 1:3 RR trade & then form new LL and LH then entering again with a 1:3 RR trade at our new LH. •I will not...

RhysFX

So I usually don’t trade Gold but my BIAS on this pair for the upcoming week is NEUTRAL. My reasons behind this are -We have just broke above and retested a key Daily Resistance at 1527.11. -We could continue up for a break above our previous Weekly Support/Resistance at 1570.65 then searching for a retest and targets at 1613. -We also could reject 1570.65...

RhysFX

My BIAS for AUD/JPY for the upcoming week is currently NEUTRAL. My reasoning behind this is We are currently consolidating between Daily Support level at 71.050 and Daily Resistance Level at 72.560. We are currently at the Support level so we could see a rejection of this level for a push up towards previous 4HR Support at 71.900 Or we could see a break...

RhysFX

My BIAS for AUD/USD for the upcoming week is NEUTRAL. My reasons for this is -We are currently consolidating between a Daily Support at 0.67400 & 4H Resistance at 0.67980. Currently price is at 0.67486 just above our Daily Support so we could see a rejection of this level and a Long position towards 0.67980 or we could see a break below and a retest of our Daily...

RhysFX

My BIAS for GBP/USD for the upcoming week is BUY. My reasons behind this are 1. Price has just broken above our Daily Resistance. 2.Price has retested our Daily Resistance and bounced straight back up sitting currently just above the previous high made on the 4HR TF. What I will be looking for before entering this trade. - A retest of previous highs at 1.22500 -...

RhysFX

My current BIAS for GBP/JPY for the upcoming week is currently NEUTRAL. The reasons behind this are -Price is within an ascending channel forming HH & HL, we are currently at our bottom line where in the past we have seen bounces to the upside so we could again see that aiming for our Daily Resistance at 130.480. BUT we have been within this uptrend for about 10...

RhysFX

My BIAS for GBP/AUD in the upcoming week will be a BUY. My reasons behind this are that we had 1.A previous ascending channel which has been broken and rested with a strong Bullish Engulfing Candle following the retest. 2.We are currently travelling above a recent Supply Zone and also a strong daily resistance which we've also seen act as support at 1.81300. I...

RhysFX Updated 

As we can see on the 4H time frame we have had previous Higher highs and Higher lows. We are now waiting for a break above our Daily Resistance level at 106.800 and also a strong previous Supply zone at 106.650. We will be aware that price could in fact reject the Supply zone and break below trend towards 107.350 which we would look to enter upon a break of...

RhysFX

As we can see on the 4H time frame we are currently consolidating between 1.11075 and 1.10650 so I will be waiting for a clean break and retest of one of these prices for a precision perfect entry. Above 1.11075 we will look for TP levels at 1.11450 (38 pips) with a possibility of breaking our supply zone to 1.11650 (58 pips). Below 1.10650 we will look for TP...