currencynerd

currencynerd Feb 28, 2022

Price on the daily is trading trading and respecting bearish trendline and is also coming from a monthly level @ 0.71089 which caused the push to the upside which is still ongoing as price is creating higher highs and lows. I am looking to short the aussie dollar at the top of liquidity pool @ price 0.72943 where i will also be looking for extra confirmation for...

currencynerd Feb 28, 2022

When i was starting my analysis i was looking for a swing setup but ended up getting a day trade , as price action on the higher timeframes is still puzzling and i could not get a bias but as i got to the lower charts things got more clearer. Price on the 1hr is trading in a parallel descending channel with the lower trendline of the channel being violated...

currencynerd Feb 28, 2022

Price reacted to a MN chart yearly level @ price 0.83068 , this led to price gaining bullish momentum and breaking out of 1D bearish channel inside the bigger 1W channel that price is trading in. I am long on @ 0.83550 with stops below recent low @ 0.83067 and targets at top of liquidity pool @ 0.85120 giving me a 1:3.2 risk, reward. It's not all about...

currencynerd Feb 28, 2022

On the weekly chart price closed above bearish trendline but failed to form a full OHLC candlestick above it and fell , now is trading below indicating false bullish breakout. Price is reacting to liquidity pool ranging from 0.93229 to 0.92786 with price 0.92786 being proximal price for weekly chart supply peak which is in control of price and as of current price...

currencynerd Updated  Feb 28, 2022

This is a day trade setup. Before going in to the technical reasons behind the setup , its important to state that there are no fundamentals/news releases tomorrow except for the geopolitical risks from the Russian - Ukraine invasion , which we see has an effect of the market with increased volatility and increased liquidity in some asset classes. Starting...

currencynerd Updated  Feb 27, 2022

On the monthly chart , price has been trading in a range from high @ 29.843 and low @ 21.651. Coming down to the daily chart i noticed that price is trading in a descending channel , i have a short bias on the precious metal but i have not executed any orders as iam waiting for price to give a third touch on the top of trendline channel , acting as dynamic...

currencynerd Updated  Feb 25, 2022

on the hourly chart price is in an uptrend , creating higher highs and higher lows. Long-term I have a bearish bias on the currency pair but that does not mean i cannot capitalize on the bullish run. Price gave me a retest on my bullish trendline and broke bearish channel indicating that bullish momentum is in control. i have executed long positions with a nice...

currencynerd Updated  Feb 25, 2022

Euro/U.S.Dollar has been struggling to push higher than @ 1.4 as price found support around the 1.13546 areas , currently daily supply peak @ 1.13546 is in control and price has formed several OHLC candles below bullish trendline and even retested supply zone that caused the breakout , this indicates a shift in momentum. Price has also retested top of bearish...

currencynerd Updated  Feb 25, 2022

On US100 4hr demand valley is in control @ 13103.67 and price is retesting bottom trendline acting as support even though price broke out in the hourly chart on higher timeframes failed to yet close below it. I am long with targets at 4hr supply peak @ 13930.50 which has an hourly supply nested within it , with stops just below recent low giving me a risk reward...

currencynerd Updated  Feb 24, 2022

From 02FEB'14 USD/JPY has been trading in a range from yearly low @ 100.776 to ALL TIME HIGH @ 125.856. Currently price is reacting to MN chart low @ 115.563 , acting as resistance as price failed to close above. A MN supply peak is in control with proximal price @ 114.436. On the W chart price is also trading in a range with high @ 116.351 and low @ 112.725 and...

currencynerd Feb 22, 2022

price reacted to liquidity pool and broke of ascending channel . I have executed short orders with targets at recent swing low @ 3.872 “Getting an audience is hard. Sustaining an audience is hard. It demands a consistency of thought, of purpose and of action over a long period of time.” – Bruce Springsteen

currencynerd Feb 16, 2022

While analyzing bitcoin price chart using TOP-DOWN ANALYSIS starting from the MN chart , i uncovered that price has been trading within a range with a the average highest point of interest being the YEARLY HIGH @ 65049.23 and the lowest point being the MONTHLY LOW which was initially the YEARLY LOW but later got adjusted on the W chart as the monthly low , still...

currencynerd Jan 28, 2022

Investors/traders/speculators have their eyes on US STOCKS as we have witnessed a drastic decline on the us market over the few past weeks. I normally like to look for trading opportunities on larger timeframes but due to the increased volatility and indecisiveness of the markets i sticked to intraday timeframes on the 1hour I see a buying opportunity as price is...

currencynerd Updated  Jan 24, 2022

after news broke that a new COVID-19 variant (OMICRON) has been detected , BTCUSD showed a brutal selloff from MN supply level @ 57701.01 , taking total losses to 22% this past week. currently the crypto giant in reacting a MN demand @ 47203.31 , where I also have a nested Weekly demand , which I see is staging to make a slight recovery to retest prev daily level...

currencynerd Dec 14, 2021

- Yesterday price reacted to a daily demand level @ 0.85049 which is currently in control. On the 4hr chart price is trading inside a bullish channel and gave us a third touch on the lower trendline of the channel and reacted to 4hr demand which pushed price to the upside closing 1hr time with a pin-bar which gave extra bullish confirmation for longs on the pair...

currencynerd Dec 10, 2021

from this analysis I broke my rules a little and only analyzed the currency minor on the hourly timeframe only. I saw that price is currently trading around the 1hour liquidity pool ranging from 1.22015 to 1.21989 and price is also trading above bullish trendline and broke and retested bearish trendline indicating strong bullish momentum in the market , i am...

currencynerd Dec 9, 2021

ripple recently published a document that explains how existing regulatory frameworks could be used to advance innovation and enhance consumer market protection. This report added bullish momentum to the cryptocurrency as we saw price pusher higher on Wednesday with a strong bullish candle. On the daily timeframe price retested a bullish trendline , on the 4th of...

currencynerd Dec 3, 2021

price on the MN timeframe is trading between zones : supply which is in control @ 1646.154 and demand @ 1474.054. From the MN timeframe price action gave me only the 2 levels of price imbalance. Moving to the weekly chart , price is in a bullish channel , creating higher highs and lower lows. The bottom trendline shows price bouncing back and forth on it without...