currencynerd

currencynerd Updated 

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 

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

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

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

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 

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

- 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

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

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

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...

currencynerd

from the MN timeframe price is in a demand level of proximal price of 28.02962 which caused price to go to the downside since early this year and is currently in a liquidity pool which on the weekly TF I adjusted to , 22.58144 to 22.33749. On the weekly TF we have a demand level nested in the liquidity pool @ 22.33749 and I see price is trading below bullish...

currencynerd

on gold I published an idea to short gold a few weeks ago (find the link to idea below). I executed short orders @ 1873.341 where price gave us a third touch on bearish trendline and extra confirmation was price was reacting to a liquidity pool from 1870.164 to 1859.734 where price went according to the analysis and pushed to the downside. currently I am looking...

currencynerd

a few months ago price broke out of a bearish channel pattern , forming several if not many OCLH candlesticks and creating higher highs and higher lows. Currently a monthly supply level @ 114.471 is in control , at the level reversal candlesticks formed which gave further evidence that bearish momentum is dominating the bulls. Targets are at MN demand level that...

currencynerd

price is trading within a descending channel and is reacting to a monthly liquidity pool ranging from 0.91952 to 0.90740. going down to the weekly a supply zone @ 0.92817 is in control and due to sellers being more active at the zone bearish momentum came into play driving price to the downside. I expect price to continue with its drop with targets at weekly...

currencynerd

from a swing point of view I had a short bias but going down further to intraday timeframes , I noticed price still has room to go to the upside. On the 4hr price is trading in a bearish channel , I see price breaking out of it forming clear full OCLH candlesticks above it . Price is coming from a liquidity pool ranging from 1.33005 to 1.32967 which price traded...

currencynerd

price is trading above MN bullish trendline , from its original swing low price has retested and gave us several touches on the trendline , with each retest price could not close any candlestick below it on the MN timeframe. The last retest resulted in price breaking out of a bearish trendline that had been forming , connecting two lower highs. I see price...

currencynerd

with price trading above bearish trendline , it indicates that bullish traders are still active in then market as now price is reacting to a daily demand zone which caused the initial breakout of the trendline , the zone may not be original and fresh but it is still a crucial zone as we also have a nested 4hr order block in the zone which gave me confirmation that...

currencynerd

Currently price is reacting to a 4hr demand zone from my analysis I have executed long orders with targets at nearest 4hr supply zone. I expect price to breakout of the trendline a form full OCLH candlestick above it and continue its rally to the upside.