Nirvana! Forex

2022-03-01 17:35:49



In this week's edition, I share with you my thought process in making my respective decisions on 8 different pairs. Enjoy! Open / Comment

2022-03-01 13:27:45 #USDCHF | FREE SIGNAL SAMPLE https://www.tradingview.com/i/GClmE2x1/ We Sold @ 0.92482 Stop-Loss @ 0.92690 (21pips) Potential TP1 @ 0.92130 (35pips) Potential TP2 @ 0.91750 (73pips) Current Price … Open / Comment

2022-03-01 13:25:26 Open / Comment

2022-02-28 12:41:27 #USDCHF | FREE SIGNAL SAMPLE
https://www.tradingview.com/i/GClmE2x1/

We Sold @ 0.92482
Stop-Loss @ 0.92690 (21pips)
Potential TP1 @ 0.92130 (35pips)
Potential TP2 @ 0.91750 (73pips)
Current Price @ 0.92370

Disclaimer: https://t.me/nirvanaforex/1044

For more signals; Contact @Huzzylady on Telegram for more details Open / Comment

2022-02-27 19:27:14 EURUSD | Perspective for the new week | Follow-up details
https://www.tradingview.com/x/vOOSGdrq/

My bias on this pair is contrary to the expectation of the majority as I continue to see a strong bullish move in the nearest future!
Since my last publication on this pair, price did a correction into the bearish trendline (that was broken on 7th of Jan & 2nd Feb 2022) with a strong indication that the bullish momentum is about to begin hence my previous bias still holds (see link here https://www.tradingview.com/chart/EURUSD/PWU4Xk8h-EURUSD-Perspective-for-the-new-week-Follow-up-details/ for reference purposes).

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Reversal pattern (Triple bottom/Breakout) | Trendline
Observation: I. Since the beginning of the last year 2021, the Euro recorded a 9.4% decline against the Greenback to express an emphatic bearish momentum.
ii. And if we look closely at the charts, we will notice multiple attempts have been made to break out of key level @ $1.13500 since the beginning of the year 2022.
iii. Multiple rejections of $1.115 in the last 3 months from buyers make this zone a strong niche for buyers as we can see how the price rejected this area on Friday to set the tone for a reversal move.
iv. I am already in this trade but for those who are still doubtful of this bullish opportunity, a breakout of key level @ $1.13500 remains appropriate to buy... Trade consciously!
Trading plan: BUY confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:4
Potential Duration: 5 to 10days

NB: This speculation may be considered to make individual decisions on lower timeframe.

Watch this space @nirvanaforex for updates as price action is been monitored.
#EURUSD

Disclaimer: https://t.me/nirvanaforex/1044

@nirvanaforex
...we do not chase the market; we wait for the market to send us her signal and we follow! Open / Comment

2022-02-27 18:59:09 EURCHF | Perspective for the new week
https://www.tradingview.com/x/NCdBBplh/

Multiple rejections at the Fr1.0300 level after a year-long of bearish momentum appears to be a sign that we might be on the verge of a reversal that might lead into a corrective phase of the bearish leading price action that began in March 2021.

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Reversal pattern (Triple bottom/Breakout)
Observation: i.Since March 2021, the Swiss franc recorded 7.8% growth over the Euro to confirm a long term downtrend.
ii. But after testing Fr1.03200 at the beginning of this year - 2022, we have witnessed the sharp rejection of this area from buyers which informs us of the seller's weakness thereby insinuating a possible reversal or retracement is imminent.
iii. Fr1.05000 level which has been a niche for selling opportunity was finally broken at the beginning of this month ( February) to emphasize some potentials for the buyers.
iv. The third rejection of the Fr1.03200 area during last week's trading session appears to be the icing on the cake to go long
v. However, considering the long term downtrend involved in this situation, a conscious approach is required to take advantage of a bullish momentum when it finally happens.
vi. In this regard, a breakout/retest of the key level @ Fr1.04500 shall be a confirmation to join the rally... Trade consciously!
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward: 1:5
Potential Duration: 5 to 10days

NB: This speculation may be considered to make individual decisions on lower timeframe.

Watch this space @nirvanaforex for updates as price action is been monitored.
#EURCHF

Disclaimer: https://t.me/nirvanaforex/1044

@nirvanaforex
...we do not chase the market; we wait for the market to send us her signal and we follow! Open / Comment

2022-02-27 18:29:37 AUDCAD | Perspective for the new week
https://www.tradingview.com/x/yR7yTz2Y/

The scope of a very strong bearish momentum on the daily time frame and a reversal set-up ( double top ) within the major supply zone at C$0.92400 shares a confluence with the bearish trendline to signal a selling opportunity for us in the coming week(s).

Tendency: Downtrend ( Bearish )
Structure: Supply & Demand | Trendline | Reversal pattern ( Double Top )
Observation: i. Despite a long term bearish momentum identified on the higher time frame, the last 30 days witnessed a consistent rise in the value of the Aussie over the Canadian dollar but the momentum appears to be thinning out and this can be identified on the chart as a double top structure.
ii. Attempts made by buyers to break above C$0.924 was met with strong resistance during last week's trading session to insinuate that the bullish trendline may no longer be strong enough to hold price action above it.
iii. It is worthy to note here that, the reversal set-up (double to pattern) awaits confirmation at the breakdown of key level @ C$0.91600 to incite the risk of a decline in price value in the coming week(s).
iv. In this regard, I shall be waiting to take advantage of selling the Aussie anywhere below the key level @ C$0.916000... Trade consciously!
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward: 1:3
Potential Duration: 3 to 8days

NB: This speculation may be considered to make individual decisions on lower timeframe.

Watch this space @nirvanaforex for updates as price action is been monitored.
#AUDCAD

Disclaimer: https://t.me/nirvanaforex/1044

@nirvanaforex
...we do not chase the market; we wait for the market to send us her signal and we follow! Open / Comment

2022-02-27 17:52:27 EURJPY | Perspective for the new week
https://www.tradingview.com/x/F8jv2z8Q/

It has been a choppy situation for EURJPY since mid last year as the price keeps juxtaposing between JY128 and 132.5 zones to emphasize the indecision in this market. With a very simple set-up floating on my screen right now on the 4H time frame, my expectation going into the new week remains bullish considering the rejection of the JY128 level which has a strong memory for buying power (see daily and weekly time frame).

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Trendline | Reversal pattern (Breakout)
Observation: i. A visual representation of a trend after connecting a series of prices with a line drawn over pivots highs shows the prevailing direction and speed of price in the last 2 weeks.
ii. Price action came back to the JY128 level during last week's trading session and was immediately rejected resulting in the appearance of bullish engulfing candles that broke out of key level on Friday to set the tone for another possible bullish wave in the coming week(s).
iii. I look forward to the breakout of the bearish trend line to confirm the buyer's strength.
iv. The early hours/days of the new week might see a drop in price into the key level or new demand level identified around the JY129 area to incite a Trend continuation.
v. Hence, above the key level at JY129.350 remains a comfortable level to take a long position on this pair... Trade consciously!
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward: 1:4
Potential Duration: 3 to 8days

NB: This speculation may be considered to make individual decisions on lower timeframe.

Watch this space @nirvanaforex for updates as price action is been monitored.
#EURJPY

Disclaimer: https://t.me/nirvanaforex/1044

@nirvanaforex
...we do not chase the market; we wait for the market to send us her signal and we follow! Open / Comment

2022-02-27 16:19:02 BTCUSD | Perspective for the new week
https://www.tradingview.com/x/Rb4lcAnH/

BTC suffered a plunge to a significant support level at around $34,000 area after news of Russia attacking Ukraine broke out. However, the appearance of a double bottom structure at a significant level of $34,000 incites potential recovery that is due for a relief rally as the Bulls take control with a target at $54,000 area in the meantime.

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Trendline | Reversal pattern ( Double Bottom /Breakout)
Observation: i. A visual representation of a trend after connecting a series of prices with a line drawn over pivots highs shows the prevailing direction and speed of price in the last 4 months.
ii. On the 4-hour time frame, It is obvious that the overall momentum of price action has been bearish with the bearish trendline going as far as October 2021.
iii. However, at beginning of this month, we witnessed a breakout of this trendline to signal that the bearish trend might be losing momentum thereby giving way for the bulls to thrive.
iv. $34, 000 level seems to have held price "supported" in the last 34 days to signal a reversal set-up in the form of a Double bottom structure.
v. The appearance of a Double Bottom within the identified Demand zone at $34,000 describes a possible change in trend and a momentum reversal from prior leading price action with confirmation at Breakout of Key level ($45,000) which is also the neckline of the pattern.
vi. From my personal perspective, I will like to join the potential rally early so that I can have opportunities to stack my position if the price moves in the intended direction.
vii . In this regard, I shall be looking to open a position at breakout/retest of $40,000 (identified on the chart with a purple barrier) and anticipate adding to my exiting position at breakout/retest of the neckline of structure at $45,000.
CAUTION: Considering the overall bearish momentum, a breakdown of the demand zone at $34,000 shall render this narrative invalid as I will continue to hold a bullish bias above $40,000... Trade consciously!
Trading plan: BUY confirmation with a minimum potential profit of 12,000 pips.
Risk/Reward: 1:10
Potential Duration: 7 to 20days

NB: This speculation may be considered to make individual decisions on lower timeframe.

Watch this space @nirvanaforex for updates as price action is been monitored.
#BTCUSD

Disclaimer: https://t.me/nirvanaforex/1044

@nirvanaforex
...we do not chase the market; we wait for the market to send us her signal and we follow! Open / Comment

2022-02-27 00:32:31 Good Evening Everyone!

Attached here-with is our signal performance (Nirvana! Lite and Freedom bouquet) for the week (21st -25th of February 2022). We closed the week with a total of 681pips across board.

Feel free to contact me @Huzzylady on Telegram for inquiries.

Happy Weekend!

NB: (R) means Re-entry Open / Comment