FinancialGamblR

FinancialGamblR

Uptrend formed mid-September 2024 and we're currently seeing this trendline faltering. Assuming that it does not hold up, I have the following parameters forecasted. ADR: 115 SL: 100 TP: 240

FinancialGamblR

XAGUSD (Silver) is breaking to the downside. There's a couple of key things I'm watching for this play: Price failed to push higher in the uptrend Price is in process of making a sharp breach, crossing below the trend line The second floor isn't holding as price is breaching below it ADR: 89 SL: 80 TP: 180

FinancialGamblR

EURCHF has been a quiet pair since late September. The current level plotted is on the brink of a breakout in the direction of a trend. Provided that this level holds, I do anticipate further downside ahead. Stop loss can potentially be trailed. ADR: 41.2 SL: 40 TP: 100

FinancialGamblR

This is actually a counter-trend trade that I've been eyeing on the GBPUSD pair. Price rallied from August to October before breaching the trendline. Earlier this month, I plotted two support levels and now price is breaking and accelerating from the second support level. ADR: 63.5 SL: 60 TP: 140

FinancialGamblR

34,820~ was a major level for the Italy 40 index. This level held since June 2024 and I saw price breach above it just near the end of last week. As I look for the trading session ahead, further upside potential is expected provided that price is able to remain supported above this level. ADR: 40 SL: 40 TP: 80

FinancialGamblR

EURSGD isn't exhibiting the cleanest of trend movements, but it is possible to ride these momentum breaks at each level. Right now, we're seeing EURSGD break through another level, which should signal a pickup in momentum. ADR: 35 SL: 30 TP: 80

FinancialGamblR

Momentum expected to be strong for the Japan 225 index. I've been observing two key levels and this latest is a nice, clean breach. Further upside ahead with risk parameters. ADR: 92.9 SL: 90 TP: 190

FinancialGamblR

Germany 40 index is observed to undergo a trend breakout. If price is able to breach this marked level and hold a close above it, very likely we will keep seeing upside momentum.

FinancialGamblR

EURSGD has been in a massive range since December 2023. We saw a breakout attempt back in August, which succeeded in September. After the initial move, we anticipate the illustrated target should momentum continue to the downside.

FinancialGamblR

This is a downtrend continuation trade I'm eyeing over on the CADCHF pair. Although the ADX is declining, I think this is a small pause before we see momentum accelerate again. Price failed to reverse to the upside and I'm timing this entry as price breaks below new lows. TP: 75 pips (2x ADR) SL: 30 pips

FinancialGamblR

Silver, surprisingly, isn't very bullish despite the recent market panic. However, my technicals are telling me that there's momentum with the neckline breakout to the downside.

FinancialGamblR

This week's open will be interesting. It'll largely be dependent on the resumption of strength of the US dollar. The anticipated strengthening of the US dollar is supported over on this NZDUSD pair. Looking at the daily timeframe, the New Zealand dollar has shown a weakening in strength throughout the months of June and early July. My proposed trade entry and...

FinancialGamblR

I've been monitoring this pair for quite some time as its been ranging since February of this year. After a failed breakout attempt in early April, it looks like price is making another attempt at this week's open. I don't really have a strong directional bias with this pair as it's been in quite a whipsaw pattern for the past couple of months. I'd drop down to...

FinancialGamblR

Yesterday's close on the FTSE 100 was a really good indication that the 7,743 level will likely hold. The index first breached above this level eight days ago and then quickly retraced below it. After trading below this level for a few days, we're back up above this level. This signals buying pressure paused and has since resumed. Assuming this level holds on...

FinancialGamblR

This is what we've been waiting for - GBPNZD breaches a key 2.08~ weekly level. Last week's close signalled price holding above said level. It's great to see strength during this week's open. I believe this is a sign of further strength to be expected on the upside.

FinancialGamblR

Very interesting end of the week for GBPCAD. Price made a strong and clean break above the weekly level at 1.72769. It'll be very interesting to see how this pair trades for the weeks to come. If price can hold above this level, I think we'll see very explosive momentum.

FinancialGamblR

Noticed a very standard breakout play. CHFJPY has been ranging since the beginning of 2024 and is teasing a breakout to the downside. The main risk, however, is that this breakout may be short-lived. Keep in mind that CHFJPY is still in a dominant uptrend since I'd reserve this for a quick counter-trend trade if momentum persists.

FinancialGamblR

NZDCAD has been ranging since December 2023. More specifically, this range formed in early December (of 2023) when price failed to form a new higher high. I've been monitoring this pair on and off. While I have observed previous fake breakouts, or fakeouts, I would say the confidence level that this latest breakout holds is much higher. This comes down to one...