FinancialGamblR

FinancialGamblR

I published an idea previously, check it out here: Unfortunately, my previous idea did not hold up. But that's okay, we take smaller risks for multiple times the return. This is a second attempt to short into this pair. 1. 0.9125 marks a relative high point. You can see a fake out that occurred where price broke above this level and then instantly sold off....

FinancialGamblR

Few things going on here: 1. Price reached the highs of 1.078 and then it found weakness. You can tell by the fact that price ranged, but consistently failed to break above the 1.078 level. At the same time, price has been holding supported at the 1.75 level. 2. What I'm currently seeing is that price is breaking below the 1.75 level and slightly retracing. This...

FinancialGamblR Updated 

1. NZDCHF is currently held resisted at the 0.59675 level. This level is very significant as it marks a huge supply origin on April 30th and serves as an inflection point supported on April 29th. 2. We're currently seeing this level hold up. You'll notice that we're not seeing large bullish candles, but rather alternating red and green bars. On a lower time...

FinancialGamblR

1. Price is being held resisted at the 106.40 price level. We see that price crossed temporarily above this level and quickly sold off lower. Price is retesting this level again and is being held resisted. 2. I see this as a good place to enter short for a decent R:R.

FinancialGamblR Updated 

- Admittedly, I made a premature entry earlier this week as I expected price to hold below the 1.4151 level - Current fakeout where price crossed above this level very briefly and then crossed below it is a good signal that we can expect further downside ahead - Before making a short entry play, we'll need to eye the 1.4118 level as we could potentially see this...

FinancialGamblR

Very standard setup as price holds the 1.42 level.

FinancialGamblR Updated 

1. Price made a dip below the 1.077 level and quickly recovered above it. It trapped a lot of traders who treated this as a sell off and closed up above this level. 2. This second label is actually the second pull back. The initial pullback did not have a significant level. My entry proposal is based on this second pull back for a couple of reasons. i) Faster...

FinancialGamblR Updated 

1. Price held resisted at the 0.9795 mark. Every time price approached this resistance level, you saw a strong bearish reaction each time. 2. Depending on how you draw the trendline, you'll have differing views on whether this wedge consolidation has been broken. 3. I do not like to trade off of trend lines as I like to look at horizontal levels where price has...

FinancialGamblR Updated 

This is currently a very preliminary trade idea based off of the current momentum on this pair. I outlined this trade idea in three major points. 1. The run-up from March 19th ceased at the 1.0613 level. Price proceeded to pull back to my #2 label at 1.0477 level. 2. Nothing out of the ordinary so far as price would retrace after such a rally. What's...

FinancialGamblR

I've been eyeing this pair for a while now. In fact, I actually do have a short position that was entered a little pre-mature. Divergence is most noticeable on the 4-hour timeframe. The RSI is painting a ratio of greater average down moves yet price is creeping higher. Price is also being held resisted at the 0.8980-ish mark. Given the number of times it...

FinancialGamblR Updated 

Gold sold off last week as optimism was present in the equities and futures market. Specifically, investors remained optimistic of the progress with the development of a coronavirus cure. long-term upside on gold still expected given the US stimulus plan.

FinancialGamblR Updated 

Just a few key points that I'm watching on the hourly timeframe: USDCAD reached January, 2016 highs earlier today Currently monitoring this wedge breakout for further selling pressure potential We want to assess if resistance holds up at the latest level breach @ 1.4424

FinancialGamblR Updated 

There's a few indications for us to be bullish on gold: Price is supported on the daily level at 1455 range The selloff on gold is slowing down Specifically, we can see accumulation with every sell off, which is signalled by the bullish green bars Once offers have been exhausted, we should see gold soar from a series of covers and new entries

FinancialGamblR

Trading in the direction of the trend (down) Pair breaks below a support line, stalls, and then is attempting to break lower Further bearish momentum is expected as we enter the London session Take profit target set at 1.08155

FinancialGamblR Updated 

There are two key thinks happening here. 1. USDJPY breaches a 15-minute uptrend as indicated by the trendline. 2. After this breach, price is held resisted at approximately the 107.26 level. I am currently in this trade. May close out earlier than my actual TP level set on chart.

FinancialGamblR

This pair is quiet and volatility is low. What we're seeing is this pair stopping the selloff in this range and is now showing an upside potential. Due to the lower volatility, I'm not taking trade here. However, I have this chart open as a pair worthy to monitor.

FinancialGamblR Updated 

Pair broke out above and failed to close higher. As it retraces back below the resistance level we set, this could be viewed as a fakeout trading opportunity.

FinancialGamblR Updated 

Not saying that it's a clear sell signal, but this is a pair to monitor for the next few hours to days even.