FinancialGamblR

FinancialGamblR Updated 

We have two key price action markers on the daily timeframe. 1. Price makes an attempt to trade above previous highs and it does. However, price failed to hold above and close. 2. The subsequent candle is an indication that momentum to the downside is accelerating. With the DXY looking bearish, this is a good sign that we can expect further downside.

FinancialGamblR

Recently saw a breakout lower on the daily timeframe. AUDCAD breached a very critical daily support, which signals that further downside momentum is likely. The best part about this daily setup is that there's confluence with the hourly timeframe move as well. Here's the daily timeframe showing how price is holding lower:

FinancialGamblR Updated 

Two key points on the daily chart: 1. Price made a relative high of 115.20 on March 23rd. Price haven't traded up to that level since. 2. In the recent days, price breached above the 115.20 level but quickly reverted. Since price failed to sustain above this level, I am anticipating a little bit of downside in the short run.

FinancialGamblR

This could potentially be a very structural trade. After the massive uptrend, we're finally witnessing price exhaustion. 1. Price trades to 102.47 highs. 2. The strength to the upside dies down as price only hits 101. 3. This inside bar indicates that sellers still have dominant strength. I'm anticipating selling strength to pick up if price breaches below the...

FinancialGamblR

The recent price action indicates that USDSEK is holding resisted above a key daily level at 10.07110. Price made this high on March 7th of this year. On May 12th, price tried to trade above this level. However, it did not hold. I'm currently eyeing the downside potential on this pair.

FinancialGamblR

The US dollar index surged on the open as China announced a new wave of COVID-19 lockdowns along with cutting FX reserve requirements. On the other hand, US grapples with higher inflation. USDJPY certainly has benefited from the surge in the dollar index (DXY), but this seems to be levelling off. After price failed to trade to a new higher high, I'm currently...

FinancialGamblR

This is a very structural play that may take a while to play out. However, this breakout does show a lot of potential to the upside. Here are the key price action points I'm watching. 1. Price started this massive downtrend since February 22nd. 2. On April 5th, price bottoms out. This was indicated by the failure for price to trade to new lower lows. 3. After...

FinancialGamblR

Here's a concise rundown of the price action I've been watching: 1. Price touched resistance at 0.9372. This resistance level formed at the end of March and has held up since. 2. Now that price has breached this latest neckline, downside momentum is to be expected. As long as price holds below this level, I'm expecting further downside. If price trades back...

FinancialGamblR

USDCAD attempted to trade above previous highs. Now that it has failed to break and hold above the 1.259~ level, my directional bias is now back on the downside.

FinancialGamblR Updated 

Been watching this price action for a while. Here are the key price action indicators that I've been watching. 1. Price retests the previous high at 0.69895. I do not see a breach above. 2.Price makes another test and fails to close above this high. 3. Price establishes a support or relative low at 0.68880. Right now, we're seeing price breach through this...

FinancialGamblR Updated 

After a very strong rally that originated in early-March, price is beginning to stall. However, price attempted to trade to previous highs on March 29th. This failed and price traded at a lower high on April 1st. As of now, price is breaching below a key 134.6~ level, which is signalling further downside ahead.

FinancialGamblR

After a pretty massive hourly run-up, price barely broke above previous highs. After hitting 1.11375, price quickly exhausted and traded lower. Price tried to trade a tad higher up to 1.11185, but it was lower than the previous high. Now I'm eyeing this break to the downside, which should persist throughout the Asian session.

FinancialGamblR Updated 

There's a massive daily and 4-hour confluence on this pair if price holds the 0.68 level throughout the night. Over on this chart, we see a reversal underway since the price rally has exhausted. This is also observable on the daily timeframe as a key level has been breached as well.

FinancialGamblR

Despite the current geopolitical tensions right now, AUDCHF is one of the few pairs where a directional trend is identifiable. I've been watch the price breach above the 0.66610 daily level. Shortly after the breach, price attempted to trade back below it. Based on the current price action, the pullback move is being exhausted so I do expect further upside.

FinancialGamblR

Three major price action points to take notes of: 1. Buying strength pushes price above the 1.7285 upper boundary of this range. At this point, I'm watching to see if price can sustain. If it holds, we can expect further upside. 2. This is the first indication of exhaustion as price forms a pinbar when it fails to break above the previous high. 3. Directional...

FinancialGamblR

Been monitoring this for a while and there's currently a downside breakout. What makes this signal so strong is the confluence with the daily timeframe. The 1.7033 level is also a daily support (give or take). Since price is also breaching this level on the daily level, this signal is stronger than ever in my opinion. I am expecting further downside.

FinancialGamblR

Despite this pair being in a monster up trend, two points in the recent price action is giving us an early indication that further downside is to be expected. 1. Price touched the 2.0345 level and made a relatively weaker reaction off of it compared to previous touches. 2. The buying strength was quick to die down as price traded away from the level. I'm...

FinancialGamblR

This pair is currently undergoing a reversal over on the daily time frame. Price failed to trade down to the previous zone at 127.39. After price traded down to 128.355, we established an upper boundary at 129.25. The bullish bar and break above this level indicates that we are expecting further upside. Of course, this is very dependent on price holding above...