FinancialGamblR

FinancialGamblR

This was a bit of a pre-mature entry on my bar when I noticed yesterday's bar make a pretty big rejection. On hindsight, it's not really a rejection. I saw that price rallied higher, but the close was near the open. Got a bit excited and entered. However, still overall bearish about this pair.

FinancialGamblR

While I usually don't use ATR, I'm currently experimenting with it to fine tune entries and set stop loss. ATR is currently at a 10-day low of under 100 pips. Price tested another daily level, which took a lot longer to reach. This signals that bullish pressure is dying off, which is further strengthened by the quick sell off of this level.

FinancialGamblR Updated 

Pair breaks below daily resistance or can be considered rejected off breakout

FinancialGamblR

Price tested resistance and then failed to break significantly higher. When it fell below, took the opportunity to enter short.

FinancialGamblR

- Price broke above resistance and then retraced - Simply entering long once price retraced and held up on that level

FinancialGamblR Updated 

Daily support level still holding up Pair is making higher high Buy limit triggered as pair retraces for the second time Stop loss kept below the relative low as it would void the uptrend momentum

FinancialGamblR Updated 

* Pair currently respects both top and bottom boundaries * after stalling at the top, selling pressure is beginning * My entry is slightly early at the neckline, but it allows me to have a slightly tighter stop

FinancialGamblR Updated 

* Initial weekly analysis here, please see comment update for the daily time frame * Weekly price is held resisted * Current dominant bearish bar points to a clearer downtrend direction

FinancialGamblR

Previous resistance turned support confirmed Trend reversal strong as dominant bull bar as it reacted to the support level Profit target is at original resistance level

FinancialGamblR

This is a higher reward to risk ratio on a 4-hour time frame After initial rally, this pair retraced with multiple weaker bearish bars

FinancialGamblR Updated 

This resistance line that I drew is largely untested. However, I took this trade based on the overlapping rejection bars. This is another trade that provides a pretty high reward to risk ratio. My stop loss is just 15 pips higher than the upper wicks to account for spreads. While I don't have a clear profit target, I am using the Fibonacci retracment of the 38.2...

FinancialGamblR

Pair bottomed out with dominant bar Pair broke up previously held resistance level If support level holds up, it will create another explosive move ~FinancialGamblR, or at least that's what they call us retail traders

FinancialGamblR

This pair bottomed out as signalled by the rejection bar. Pair made a higher high and then we are looking to buy on the retracement. Profit target is at original resistance zone.

FinancialGamblR

I wouldn't call the full bar one day ago a doji because its not a huge indecision, but the indecision is most certainly present. Originally I wanted to see if this trade will hold up against the resistance level and it continues to look like so. However, we see a bearish dominance in the most recent bar session. I'm taking an early short position in order to maximize R:R.

FinancialGamblR

Similar to my USDCHF trade, I took a short, but this time admittedly at an unoptimized position. This pair tested a weekly support turned resistance level. I have received confirmation that there is bearish momentum given by the dominant red bar days after I placed my initial trade. This trade could've been optimized so I am currently suffering from a smaller...

FinancialGamblR Updated 

Despite weaker than expected economic releases this morning with month over month manufacturing production dropping 0.2% and no month over month GDP growth, this pair is still rallying. Both last week and the beginning of this week, we tested the weekly level to determine if it would hold up. I have taken this trade last week actually on the retracement and it has...

FinancialGamblR Updated 

I actually published a trade idea on this pair before, but off of the weekly time frame where the trade held resisted over on the weekly time time frame. However, I did want to scale into this trade as I was not able to catch this trade right at the weekly resistance. Seeing this hourly time frame, we can observe a rejection bar that signals this pair will most...

FinancialGamblR Updated 

The US dollar made a significant rally against the Japanese yen for the past few days and weeks even. From a technical standpoint, the weekly time frame signals a huge indecision with regards to last week's price action. The pair traded higher, but ultimately closed not far from its open. This signals that the bullish momentum could be over and we may be seeing a...