FinancialGamblR

FinancialGamblR

Gold broke the 1,919 level in late-September. Price previously held supported and then pulled back to this level as resistance. We saw two key price action signals here. Price held resisted on October 6th and broke above on the 9th. If further upside were to be expected, this level must be invalidated in the sense that we must see lack of selling volume. This...

FinancialGamblR

DXY continues to drifts lower, indicating that we can expect major pairs to climb higher. NZDUSD has been in a weird situation over on the daily time frame: Despite price trading at a newer relative low, it's still holding supported. This is what we're currently eyeing at the 0.666 price level. Price broke this level in the latter half of last week and is...

FinancialGamblR

Price previously held above this level and finally broke lower on September 21st. After returning to this level, price attempted to push higher but ultimately closed lower for the past few sessions. Currently not seeing any significant bullish bars being formed so downside momentum expected. Note that ideas published represent my viewpoints on structural...

FinancialGamblR Updated 

Price is testing the 0.9088 level. We've seen price trade both above and below this level since mid-July. Based on the current price action, we're observing weakness on the upside. Here's the run down on the two labels: 1. Price previously held supported and broke below this level. This has trapped quite a few traders who have shorted this break lower as it...

FinancialGamblR

GBPAUD failed to hold above the 1.816 level. With this breakout failure, we're getting a good indicating that the trend is changing. Current entry as price re-enters below this level offers good momentum to the downside. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry,...

FinancialGamblR

This pair has been in a monster uptrend since late March of this year. Price finally peaked in the beginning of August as we touched the upper level three times without making a significant push higher. Today's open shows price making a pullback to the lower bound level at 0.9445. If price manages to hold below this level, we can target an excellent R-multiple as...

FinancialGamblR

Been watching this pair for a while. Actually took a loss near the end of last week when I went long. Now that price is trading below, I am now bearish for a couple of reasons. 1. Price hasn't made a higher high since the morning of August 18th. 2. Price made another push higher, but was followed by indecision. This is the first indication that buying pressure...

FinancialGamblR

Previously got stopped out, but re-entering as market opens. Still bullish for the following reasons: 1. Price making higher lows 2. Latest level is holding up. Price pulls back to 79.90 but fails to break lower. We end up stalling at this level.

FinancialGamblR

Looking at the possibility of a breakout continuation trade. 79.52 is the key level to watch for to see if price holds. As price pulls back to this level, I want to see how much it slows down. If it fails to make a significant breach below this level, it would be possible to buy into this pair.

FinancialGamblR

1,775 is a near term level that formed over on the 1-hour time frame. Price tested this level on June 30th (yesterday) and held above. If we see a break lower, then this is an indication that buyers remain weak. A more critical level to watch is the 1,765 as this formation originated back in April and has been holding up since. You can see take a look at the...

FinancialGamblR

Strictly from a technical standpoint, we're seeing the 1.36675 level fail to hold. Price has tried to trade above this level multiple times, but each time it has dipped quickly below it. The initial target is at 1.3515 with a more optimistic outlook down to 1.3384 even. Won't be going too much into how I plan on scaling this trade, but we'll be observing the price...

FinancialGamblR

For the week ahead, the 2975.75 is a key level to watch. If you notice my annotations, I am indeed outlining that there are two possibilities for price to play out. We're not here to make predictions, but the observation of how price plays out along this level is very important. Fundamentally speaking, the US is potentially in the second wave of the COVID-19...

FinancialGamblR

I originally missed an opportunity over on EURUSD, but I believe there's one present here. We can see that price traded below the 120.375 level, but has consistently held above it. As long as we see this level sustain, I believe further upside can be expected. There is still a concern on a fundamental level. We've previously seen certain currencies being favored...

FinancialGamblR

EURAUD traded down to the daily level around 1.609 and reacted sharply. You'll notice that it made another sell off attempt on the morning of June 3rd. This failed really quickly and price is testing the 1.632 level over on the 4-hour time frame. Price stalled at this level and should be rallying during the overnight session.

FinancialGamblR

1-Hour: Price crossed below the 1,700 level and quickly retraced above it. It tested this level again, but held supported as well. This is the third wave where we're expecting bullish momentum to build up. 1-Day: This 1,700 level is also apparent on the daily timeframe. However, we might end up seeing this pair range as it pulls away from this level. As a...

FinancialGamblR Updated 

1-Day: The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji. 1-Hour: Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next...

FinancialGamblR

0.6365 marks a key level. Price surged above this level twice and then quickly reversed. We're clearly seeing selling volume as price is testing what's considered as both the 1-hour and 4-hour resistance. At the same time, price is also failing to make significant highs. This entry is based on on the weak buying pressure that consists of a pull back after a bearish move.

FinancialGamblR

Multiple time frame analysis is involved here. Over on the daily timeframe, you'll see that price is testing the 1.0842 level. This is a high that formed back in November of 2019. Given the sharp move up, I didn't take the initial short, but now I did after this leg down. Over on the hourly, you can see the strong leg down as prices tested the 1.083 level and...