currencynerd

currencynerd

i analyzed this a while back and completely forgot about. but when i opened the price chart i noticed that price is reacting off significant market price structures. basically, on the Monthly price chart... price is reacting to liquidity pool covering price areas from 0.91000 to 0.90600 which is based off monthly supply of proximal price 0.91000 and prev....

currencynerd

Fibonacci. introduced by Italian mathematician "father of the Fibonacci sequence" Leonardo Da Pasa (born around A.D. 1170) in 1202 in his book Liber Abaci "book of calculations" which he handwrote as the printing was not yet invented, which also became the first book to be introduced to the Hindu-Arabic numeral system as it was a new way to write numbers and do...

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Literature is one of the best ways to share and spread knowledge and information around the world, here are my top picks of the most informative, knowledge packed trading books that can help improve and transform your trading approach for the better. 1. Market Wizards - by Jack Schwager, 1989. this consists of a series of interviews from a couple of the world's...

currencynerd

Happy new year to all @TradingView users A new year is often regarded as new and fresh beginning, the start of something new, i hope this is the year we excel and reach the kind of success and profitability we all long for and if you have reached it i hope to get the wisdom to maintain and improve on it. here are some things to leave behind in 2023 that can...

currencynerd

the trade bias on this idea is strictly based on technical analysis. going straight to the monthly price chart liquidity pool ranging from 28.08800 to 26.39800 has been the current significant price area in control of price since a rejection from the area in 01 march 2022. price has been also showing signs of bearish rejection from price levels @ 25.40550...

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2023 has been a thrilling year in the financial markets with fears of a recession with rising inflation and continued interest rates hikes, WHAT A YEAR! but even with the trials and tribulations many investors have faced sailing the deep seas on the financial markets here are the top 5 biggest one-year percentage gains on the NASDAQ Exchange 2023 : 1. Jin...

currencynerd

since 17 November the Gopher has been trading in a parallel bearish channel failing to trade/close above and above it, with the top and bottom trendline of the channel acting also as dynamic support and resistance. price has found itself in weekly liquidity pool made of significant levels - (i) weekly supply of proximal price of 146.700 now acting as demand on...

currencynerd

Charlie Munger right hand man to investment giant Warren Buffett has passed away on the 28 November 2023, born 1 January 1924. Not only was he an investment wiz he was great at behavioral psychology. He started his investment career in 1962 working as a real estate attorney which he gave up to pursue investment management along side Otis Booth, he later went on...

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on the daily chart price has been on a steady rally breaking previous bearish structure where i witness resistance levels now acting as support. this upside movement is due to price finding demand around the 0.63700 to 0.62800 price areas with the most impactful price being demand at proximal price 0.63500 which is currently in control of price. this increase in...

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there are 4 main key elements in market price action that i have come across. these help traders/investors determine many crucial factors of price like strength, direction, motion, even speed. these are : momentum, trend, volume and volatility. in this idea I will be explaining these price forces and the different types of indicators/tools used to measure...

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technical indicators are mathematical patterns and formula that are calculated from past market price and data to predict future market movement, as the trading /investment community continues to grow there are a lot of trading indicators and tools that traders use, invent and discover, but here are some of the weird, uncommon and unconventional technical...

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timeframes are the unit of time in which trading activity/session takes place. timeframes are an essential tool to traders/investors because there is a direct association between the right trading style and timeframe of choice for each individual trader depending on what works or does not for them. timeframes are often structured in forms of minutes, hours,...

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the oil markets find themselves in a bearish chokehold with a number of factors weighing down on it such as the OPEC ( Organization Of Petroleum Exporting Countries) are expected to meet later this month on the 26 November 2023, there is a strong sentiment that they are expected to continue to cut production and distribution due to weak global demand. technically...

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these incredible films bridge a gap between entertainment and education, providing insight about the global markets and what often goes by in the background and yet help keeping the boredom away. 1.THE WOLF OF WALL STREET - dir: Michael Scorsese. Dec 25, 2013 (crime/comedy) this movie follows and reflects on the life of Jordan Belfort and his rise to wealth...

currencynerd

price is in a bearish parallel channel and is failling to trade above 140.000 price areas. i have short targets to daily demand of proximal price @ 137.300 put together by : @currencynerd , pako phutietsile supply and demand!

currencynerd

price reached price level of interest @ 140.800 but did not manage to close above the level FX:USDJPY also broke out of parallel bullish channel forming several OCHL candlesticks below the channel indicating bullish momentum being highly present in the market! i have short targets at low of liquidity pool @ 136.600 put together by : pako phutietsile,...

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demand level of proximal price @ 101.500 is in control of price , targets levels at nov 22 price areas at supply level of proximal price @ 112.000 supply and demand in combination with price action! put together by : pako phutietsile, @currencynerd

currencynerd Updated 

gbpusd , great british pound / u.s. dollar (the cable) economic outlook : on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british...