nerdy007

nerdy007

The DXY has been showing a lot of Bullish momentum. This could be altered at the 110 resistance level IF price reaches those heights. There's nothing certain in the markets, the price could range for years... It could tumble or it could rally... There's nothing that's perefect! In my analysis and global climate, it seems that the fall of the dollar will...

nerdy007

The markets are driven by 3 key indicators: 1. Sentiment 2. Fundamentals 3. Technicals The sentiment on gold is that it's a safe haven. Gold always retains value. Gold moves in cycles that're far apart because it measures the value of things in society in relation to it's natural scarcity. The last gold move was after the 2008 recession. Before that there was...

nerdy007

Going short due to dollar weakness.... Happy hunting!

nerdy007

Watch out for a fake out these moves usually try to shake out a lot of traders before moving in the real direction. You don't have to predict what happens, you shouldn't react, rather PRO-ACT!

nerdy007

The pattern shows a head and shoulders that looks like it's failing based on rising gold prices and the huge rejection wick. Will see how the price action unfolds

nerdy007

The price is edging up. If you look closely, you will see an Elliot 5 Wave impulse. If you know about fractals, you should have that in your trading arsenal because the Elliot Wave principle is a natural, sensational and accurate tool in 'forecasting' price action. The waves move in harmony according to the Fibonacci patterns and spirals. The Fibonacci is the...

nerdy007

The trend is moving up and the commodities are currently ready to move up again. The trends are parts of a cycle, a cycle is a circle. The most important idea is to have the essential information that lets you stay ahead of the curve and make a trade in the right direction. In this currency pair, we want to ride the fundamental underlying currency trend and find...

nerdy007 Updated 

Looking for a break of the chart pattern

nerdy007

How To Analyse Price charts youtu.be Predominately looking long but I will trade momentum based on price action

nerdy007

The price is holding at the resistance level. Looking for a strong move up for a long in the Euro!

nerdy007

The price was broken at the the trend line. The break of the trend signals a downward movement this will be confirmed by a momentum candle to the downside The candle was tested and rejected. The lower-end of the trend line is the current price area of dominance.

nerdy007 Updated 

Looking at the 30 years. There seems to be a lot of movement on the bond market that the financial media has been totally ignoring! The bond yields reached a high of 3.46 November 2 2018! These heights were broken when the price broke and Closed below the 3.4 level The current yield is showing an uptrend. The uptrend is an extension of the Fibonacci area.

nerdy007

That wick is nothing to be laughed at! The move up is confirmed by a break of the trend line

nerdy007 Updated 

Great pennant pattern showing! More details here: youtu.be

nerdy007

The symmetrical triangle chart pattern is a continuation pattern. The inclination is to continue in the Up Trend that price is already exhibiting. More opportunities will be afforded in the direction of the trend

nerdy007 Updated 

The highlighted area shows the place where price is likely to bounce. The Trend remains UP as long at it's not broken. The buy zone is a break of the 33 level with clear momentum candles. A momentum candle is a full-bodied candle that shows power, magnitude and growth. This trade is purely based on technical aspects coupled with clearly reading the tape. Tape...

nerdy007

Price is already in an uptrend. A continuation of the trend will also mean a break of the resistance price level.

nerdy007 Updated 

Harmonic bounce at the Fibonacci area