currencynerd

currencynerd Updated 

on my last idea on Bitcoin i published that bitcoin price was expensive and now targets have been reached and i anticipate price now is cheap and looking to buy the cryptocurrency to prev weekly demand now turned supply. BUY WHEN PRICE IS CHEAP(DEMAND) SELL WHEN PRICE IS EXPENSIVE(SUPPLY)

currencynerd Updated 

price gave as a third touch on bullish trendline and is currently in a daily demand zone , i have buy stops @ demand proximal price of 0.91175. targets at liquidity pool 0.92333.

currencynerd Updated 

price is reacting to a daily supply level which is neither fresh nor original , it is still valid , it is expected to push price down and breakout of bullish trendline.

currencynerd Updated 

price broke out of bearish channel forming multiple OCLH candlesticks outside the pattern indicating clear price breakout caused by the imbalance at liquidity pool ranging from 1.05459 to 1.01170 where we saw the start of the bullish price rally. targets at daily high @ 1.24270. FURTHER confirmation is Saudi British Bank launches ripple powered USD settlement...

currencynerd Updated 

supply and demand incombination with price action. 4th touch on trendline and reacting to daily resistance level and supply zone. targets at daily CP LEVEL.

currencynerd Updated 

supply and demand IN combination with price action.

currencynerd Updated 

xauusd , gold spot / u.s. dollar 2023 ... will gold reach new highs ? the precious metal has been trading in a consolidation phase since second quarter of 2020, trading between 2 significant levels of average price of low @ 1687.000 and high @ 1933.000. market momentum changed from bullish to bearish @ $1933 making a -7.15% loss in price to current price, i...

currencynerd Updated 

eurusd euro / u.s dollar price found support @ 0.96000 price areas where it made the low of 2022 also having been in an overall downtrend for the year. since gaining some bullish momentum from the support, price made a +14% recovery to current price. price is currently failing to climb higher as it has found some resistance @ 1.00000 price areas, this...

currencynerd Updated 

gbp/jpy , Great British Pound / Japanese yen gbpjpy has been trading in a range since late last year, from my analysis i expect price to break out of the range and trade above the 161.000 price areas where price has been finding tough resistance with an overall outlook of more upside movement. trendline is also in place and price is trading above it...

currencynerd Updated 

Since UKOIL & USOIL have a positive correlation , I won't give a detailed description as I already posted an idea on UKOIL with a well detailed description. You can find the link to the IDEA below.

currencynerd Updated 

starting off my analysis on the MN timeframe price took out a supply level @ 67.28 with its rally to the upside , price then made a swing high @ 86.68 before retracing , with the retracement being the market coming to retest the break of the MN supply level now acting as demand (prev supply becomes demand) at the level I also have a weekly demand level @ 69.91...

currencynerd Updated 

Our mentor , who art in the market , hallowed be thy name ; thy strategy come ; thy emotions be controlled on live accounts as in on Demo. Give us this week our daily pip targets ; forgive us all our bad risk management as we forgive those who gave as signals that blow our accounts ; lead us not into stop loss but deliver us from stop hunts. For thy is the market...

currencynerd Updated 

Takashi Kotegawa also known as bedroom day trader Takashi Kotegawa was born on March 5, 1978, in Ichikawa, Chiba, Japan. In 2005, Takashi made millions through a single trade in J-Com Holdings after its IPO on the Tokyo Stock Exchange. That opportunity was thanks to an error committed by a trader at Mizuho Securities, who accidentally sold 610,000 shares at...

currencynerd Updated 

Price has been in a steady decline for some time , ranging in a daily chart descending parallel channel and last week price formed a full OHLC candlestick indicating breakout and possible shift of momentum from bearish to bullish as also price is creating higher highs and higher lows. This sudden move to the upside was caused by monthly chart demand valley with...

currencynerd Updated 

EUR/NZD euro/new zealand dollar on the monthly chart price is trading in a consolidation phase trading between notable high @ 1.86800 and average low @ 1.51200. in a smaller MN chart overview price is trading in an ascending channel but MN supply of proximal price @ 1.69900 is in control indicating a possible increase in ongoing bearish momentum. on the...

currencynerd Updated 

Palladium (xpdusd) analysis + possible trade setup ! since march 2022 price has been mostly trading to the downside and is currently trading in a corrective rising wedge with supply level @ 2256.200 in control indicating that current market momentum is bearish. price trading below the support trendline of the wedge pattern but has not yet formed a full OHLC...

currencynerd Updated 

I was with a close friend of mine also a trader a few days ago, he told me that "trendlines do not work" and i am in several social media trading groups and some traders share the same opinion regarding the charting tool. The reason for this is that some traders rely on the basing's that they have been taught or read without taking the time to backtest and get...

currencynerd Updated 

There should be a maximum of 4-6 candlesticks at the base. The less number of candlesticks at the the base the more the strength of the zone and vice versa . other features of a good zone include : -tight candle bases with bodies less than 50% -strong departure , 2nd leg (IMPULSE) with at least 2 ERC candles closing at its high (about 80% of the whole candle...