Nirvana! Forex

2022-02-22 13:57:00 #EURCAD | FREE SIGNAL SAMPLE
https://www.tradingview.com/i/QU6XogXQ/

We Bought @ 1.44399
Stop-Loss @ 1.44150 (25pips)
Potential TP1 @ 1.44770 (37pips)
Potential TP2 @ 1.45200 (80pips)
Current Price @ 1.44530

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

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

2022-02-22 12:54:29 #GBPCHF LEVEL UPDATE

Observation: TP1
Profit: 49pips

Contact @Huzzylady for details Open / Comment

2022-02-22 12:53:58 #GBPJPY | FREE SIGNAL SAMPLE https://www.tradingview.com/i/U700ya4O/ We Sold @ 156.507 Stop-Loss @ 156.800 (29pips) Potential TP1 @ 156.000 (50pips) Potential TP2 @ 155.500 (101pips) Current Price … Open / Comment

2022-02-22 12:49:57 Open / Comment

2022-02-21 14:46:27 #GBPJPY | FREE SIGNAL SAMPLE
https://www.tradingview.com/i/U700ya4O/

We Sold @ 156.507
Stop-Loss @ 156.800 (29pips)
Potential TP1 @ 156.000 (50pips)
Potential TP2 @ 155.500 (101pips)
Current Price @ 156.400

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

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

2022-02-21 12:39:47 Open / Comment

2022-02-21 00:56:06 GBPAUD | Perspective for the new week
https://www.tradingview.com/x/DNvnI4ZV/

The Pound has been trending higher since the beginning of last year and has since been rejected at A$1.915area on two separate occasions (August 2021 and February 2022) thereby leaving a clue for selling opportunity if the price does not break out of this area.

Tendency: Downtrend ( Bearish )
Structure: Supply & Demand | Trendline | Reversal pattern ( Double Top )
Observation: i. Zooming in on the daily timeframe , the visual representation of a line drawn under pivot lows reveals the prevailing direction and speed of price action in the last 3 months.
ii. However, after testing the major supply zone around the A$1.92 area; price action appears to began a spiral downward a phenomenon that wants to be similar to what happened in August 2021.
iii. The appearance of a double top structure within an important supplication (A$1.92) area appears to be confirmed when price did a breakdown and retest of its neckline in the last couple of weeks.
iv. In this regard, I shall look forward to a breakdown of the trendline for confirmation to open a short position on this pair in the coming week(s).
v. Hence, the below trendline remains a comfortable area to sell the Pound... Trade consciously!
Trading plan: SELL confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:3
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.
#GBPAUD

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

2022-02-20 18:13:00 EURCAD | Perspective for the new week | Follow-up detail
https://www.tradingview.com/x/ursgebqf/

Since my last publication on this pair, the price moved over 350pips in our direction before the retracement began ( see link here https://www.tradingview.com/chart/EURCAD/5gmdBEf3-EURCAD-Perspective-for-the-new-week/ for reference purposes). And I expect the retracement to culminate at a level between 50 and 78.6% before the rally continues hence my previous bias still holds (see link above for reference purposes).

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Trendline | Reversal pattern ( Double Bottom )
Observation: i. Following the bearish run that lasted 5 months, the CAD recorded a 6.20% growth against the Euro and it appears the Euro is gaining traction following the strong impulse leg that began on the 27th of January 2022.
ii. Double Bottom: The appearance of this reversal pattern at this juncture (C$1.41) in the market revealed a change in trend and a momentum reversal from prior leading price action as selling momentum continued to reduce.
iii. So, I am looking forward to the retracement to test the neckline which is also the key level or within C$1.425 & 1.435 to hop into the potential rally in the coming week(s).
iv. Please note that the above key level remains a comfortable area to buy the euro with an opportunity to add to the existing position at breakout/retest of C$1.462... Trade consciously!
Trading plan: BUY confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:4
Potential Duration: 5 to 12 days

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.
#EURCAD

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

2022-02-20 17:50:33 NZDUSD | Perspective for the new week
https://www.tradingview.com/x/Eb4hmvlI/

As the Russia-Ukraine headlines worsen the market mood, we witnessed rejections of the $0.67 area during last week trading session to impose a shadow of doubts on the potential of the Kiwi going into the new week. However, with current technical structures; I suspect that the acceptance of above the $0.6700 might give a sense of comfort to push the price higher in the coming weeks with $0.66500 serving as a baseline for the formation of a new trend.

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Trendline | Reversal pattern ( Double Bottom )
Observation: i. For over a year now, the Kiwi has been on a downward spiral as it dropped 12.5% against the USD.
ii. If we look at the weekly chart, we will notice that price came back to a significant demand level around $0.655 late in January 2022 which was immediately followed by bullish momentum.
iii. Hence, I have projected a potential trendline ( bullish ) on the chart to guide us in taking advantage of a bullish momentum if it eventually happens in the coming week(s).
iv. A breakout/retest of the key level at $0.67500 should present an opportunity to add to our existing position.
v. Please note that the bullish trendline projected on the chart is serving as our yardstick as any break below will render the narrative invalid... Trade consciously!
Trading plan: BUY confirmation with a minimum potential profit of 200 pips.
Risk/Reward: 1:4
Potential Duration: 7 to 20 days

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.
#NZDUSD

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

2022-02-20 17:26:48 GBPCHF | Perspective for the new week | Follow-up details
https://www.tradingview.com/x/LSCKAsl5/

Price action has been consolidating right above the key level at Fr1.25 since my last publication (see link here https://www.tradingview.com/chart/GBPCHF/gogN79SH-GBPCHF-Perspective-for-the-new-week-Follow-up-details/ for reference purposes) as indecision continues to grip the market. Like I stated in my last publication, the key level remains a very sensitive borderline where the probability of bullish and bearish momentum is almost of the same possibility. A significant engulfing candle, either way, could send the price all the way hence the need to have a critical observation coupled with parameters that will give a clue into what direction price is likely to move towards in the coming week(s).
This being said, I still hold on to my previous perspective as I expect bears to come in any time soon!

Tendency: Downtrend ( Bearish )
Structure: Supply & Demand | Channel | Reversal pattern (Breakdown)
Observation: i. Following the bullish momentum that gripped the market since the 6th of December 2021, the Fr1.254 level has held price "resisted" since mid-January 2022 hereby revealing an underlying strength in favour of the sellers at this juncture in the market.
ii. The momentum that guided price to higher highs in the last 2 months appears to be diminishing as buyers continue to find it difficult to push the price beyond Fr1.256.
iii. After observing market structure since price hit Fr1.3000 in March last year, I noticed that price has been consolidating within a descending channel where the demand level is turning into a supplication area as we can see a successful breakdown of this level in October 2021.
iv. In this regard, I shall be looking to take advantage of a bearish move anywhere below the key level @ Fr1.2500 with the hopes that the price continue to respect the boundary of the channel in the coming week(s).
iv. However, considering the long-term bullish perspective and the significance of this juncture in the market; a significant breakout of the channel could render this narrative invalid as might actually be witnessing a retracement of the bullish momentum... Trade consciously!
Trading plan: SELL confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:5
Potential Duration: 12 to 25 days

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.
#GBPCHF

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