FinancialGamblR

FinancialGamblR Updated 

Two key price points on my chart that I have been watching. 1. EURUSD has been in a massive downtrend. The price at Label #1 failed to breach a new low, which is a first indication that I should be looking for a structure for a potential reversal. 2. Price broke above the 1.15865 level on the afternoon of October 13th. Nothing really to talk about here as I...

FinancialGamblR

Just two key details to note here: 1. Price failed to make a higher high. 2. The candle in the past hour indicates that the 0.7409 "floor" isn't holding. Price did briefly breach below that level and traded higher. We're finally seeing a breakout lower, which is a good sign that the uptrend might be ending.

FinancialGamblR

Since this breakout occurred just before last week's close, I am going to keep an eye on it a bit longer since the open tends to be a bit unpredictable. 1. This is a great fakeout signal. Price attempted to trade lower and then sharply reversed. Not only that, it took out the 1.6988 upper boundary that I had plotted. 2. Price traded back to the breakout level....

FinancialGamblR

I don't directly trade the DXY CFD with my broker, but it is useful to keep an eye on it to provide further direction for major pairs. Here are the key details I've labelled. 1. DXY pushed up to 94.56, which is just a tad higher than the previous high. However, this failed to sustain. It's almost as if this was a false breakout given that the DXY dropped sharply...

FinancialGamblR

1. First time price broke through this key 1.05795 level. What happened after in #2 is also key. 2. Exhaustion here as price failed to make a higher high. 3. I'm once again seeing price threatening to break below this key level. Once it does, we can expect further momentum.

FinancialGamblR

1. 1.15865 has been a key upper level to watch. After price breached this level, we saw that it drifted lower and stalled. Given that this is a reversal from such a massive downtrend, reduce size.

FinancialGamblR Updated 

I've been watching this pair since last week. 1. This is the first indication that the uptrend is topping out. It failed to make a higher high. The reversal sentiment is strengthened by #2. 2. Although this was rather quick, price breaking below the lower boundary range is a good indication that this level isn't being respected. Or, not being respected as...

FinancialGamblR

1. Price crossed above the 1,757 level last week and stabilized. We did see a price drift back below this level and selling momentum did not pick up. 2. This leads to this week's outlook. If price can hold above the 1,757 level, we can expect further upside as price continues with the momentum from last week. I don't anticipate a sharp cross below this level,...

FinancialGamblR

Price made a weak reaction at the 1.4826 level, which failed to produce a new low. I am seeing price attempting to breach higher. By trading in anticipation of this breakout, you can get a slightly better R-multiple. If price pulls back and fails to hold above this level, I can avoid a loss that would occur if I enter after the breakout.

FinancialGamblR

Price tried to trade below 1.2595 and failed to sustain. After ranging for the past couple of hours, the break above 1.26715 indicates further upside potential. To truly see if this upside will sustain, we will need to see if price holds above this level. If it crosses below, the trade can safely be scratched.

FinancialGamblR

Pretty strong conviction here as I'm seeing a false breakout on the daily level. Price traded above the 0.65 level for a day and failed to hold above it. It traded right back below this level with equal strength on the following day. Over on the 4-hour timeframe, the upside is exhausting so I am expecting downside momentum to pick up.

FinancialGamblR

1.03595 is a key level to watch. To be honest, I'm actually not a fan of how price broke above this level. It's not a strong one bar move. I do anticipate that price will temporarily drift back below this level before it really tears to the upside.

FinancialGamblR

A bit too late posting this, but 1,753 is a key level to watch. Ideally, I'd like to see a pull back to this level and for price to hold above it. If this level holds, I am anticipating further upside for gold. As of right now, I'm largely just monitoring at the moment.

FinancialGamblR

0.89415 is the key level to watch here. If price is able to hold below this level, I anticipate that this breakout will be successful. Even if price trades back above this level, I want to see some kind of bullish momentum exhaust and then I would still have a bearish bias.

FinancialGamblR

USDJPY just crossed below a key 109.9 level If price is able to hold below this level, further downside can be expected. I'm currently watching to see what extent this pair is pulling back by. Ideally, I'd like to see some kind of pin bar or weakness when price trades back close to 109.9.

FinancialGamblR

I'm currently expecting upside as gold is holding above the 1,802.25 level. As labelled in my Signpost, the current bar tested the key level and held. You can actually see the reaction by the lower wick. I'm expecting to hold this trade overnight unless price drifts back towards this level and stalls, which I would consider scratching.

FinancialGamblR

Key Details: After a massive rally, the selloff has begun. The 1.085 is a key level that I'm looking for the week ahead. As price is holding below this level, I am expecting momentum to pick up to the downside as we move into the London session. If price makes a sharp cross above this level, it's possible that selling pressure has died down quickly than...

FinancialGamblR

Key Details At A Glance: Uptrend died out in early September and we already saw an initial move to the downside. If this pair holds below the 0.67585 level, there's another scaling in opportunity as I am expecting selling momentum to pick up.