FinancialGamblR

FinancialGamblR

Key Details At A Glance: Price made a massive reversal back in early June. We're currently in a downtrend. The current 0.73565 level provides another opportunity to scale into this downtrend. Even if price crosses above, I would be monitoring to watch for some kind of exhaustion and for the level to break to the downside.

FinancialGamblR

Key Details: 1.60515 is a key level that we're watching. On Sunday's open, price is holding up above this level, which is showing further upside. The implication here is that we can expect this structural reversal to the upside to hold up.

FinancialGamblR

I had anticipated price holding below the 0.85765 level. Since price crossed above and then started drifting to test this level, my directional bias has changed.

FinancialGamblR

Price traded to 0.9337 in the previous week and we're opening up this session with a dominant bearish bar. I'm anticipating that price will push lower given that it tried to trade above 0.9337 unsuccessfully.

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EURGBP closed the previous week just below this level. In this week's open, we're seeing price continuing to sell off. This is a good sign that we're seeing a major reversal underway. If so, this'll lead to great payoff.

FinancialGamblR

Price attempted to trade above this level, but failed to sustain. After price crossed lower, we're currently see price retesting that level. Current indication is that price is holding below it.

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NZDUSD tried to trade above 0.70565 and then made a strong reaction below. This false breakout was confirmed when price approached back above this level and failed to hold.

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My entry was a bit leading by entering as price held exhausted below the major level. In other words, I already anticipated a breakout to the upside. My entry essentially enabled me to optimize my RRR. I do think that there's a second entry opportunity after price breaches cleanly above this level and then pulls back to hold.

FinancialGamblR Updated 

Price briefly traded above the 0.6645 level and failed to hold above it. As price reversed back below it, we see a pullback, which is failing to show any signs of strength.

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I didn't get a chance to publish my the idea associated with my original entry. I currently have a short position and I'm looking to scale in if price can pull back and hold below the 0.7237 level.

FinancialGamblR Updated 

CADJPY currently does not have the greatest 1-hour chart pattern. Over on the 4-hour, I am watching for price to hold below the 87.14 level. Specifically, I'd like to see an uptick and for that to exhaust. That will provide a good indication that we can expect momentum to pick up towards the downside.

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Price breached above 0.6945 and then failed to hold. After price crossed below this level, it made a re-test and is still holding below. I'm currently anticipating a slight price drift to the upside before momentum picks up to the downside.

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Gold actually touched a lower boundary that it previously broke out of on the downside. As it approached this boundary, it made a strong bearish reaction, which strengthened my downside bias as it attempted to drift up and failed to push any new highs.

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Betting on the 109.6 level to hold. Price spiked lower so this a pullback move where I'm looking to get a short entry on.

FinancialGamblR

See Signposts on chart for key price action details. Specifically, resistance formed way back at the end of July. Latest pinbar formation indicates that price is failing to push higher. We did see a sharp move to 110.355 and price failed to make a significant break higher. This is a good sign of exhaustion. Best case scenario is for price to sell off. Worst case...

FinancialGamblR Updated 

See Signposts on chart for key price action details. We see resistance hold, which represented the upper boundary range. However, it produced a weaker selloff. After a rather bullish spike higher at the end of the selloff, price failed to push to new lows. It drifted lower, which indicates that it's likely there's a lack of selling pressure. Plotted path is...

FinancialGamblR Updated 

Signal is still forming. Given the exponential move, I am expecting price to reverse. 0.885 is a key level to watch for price exhaustion.

FinancialGamblR

See Signposts for the details on the key bars. This week's open shows price holding above the level that it broke up above of last week. This is a good indication that we can expect further upside should this level hold, which currently appears so.