Nirvana! Forex

2022-02-08 11:35:35 Open / Comment

2022-02-07 13:04:06 #GBPJPY | FREE SIGNAL SAMPLE
https://www.tradingview.com/i/f5XXOJcp/

We Sold @ 155.736
Stop-Loss @ 156.235 (48pips)
Potential TP1 @ 155.050 (71pips)
Potential TP2 @ 154.300 (145pips)
Current Price @ 155.500

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

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

2022-02-07 11:36:19 Open / Comment

2022-02-06 22:26:59 GBPUSD | Perspective for the new week
https://www.tradingview.com/x/JYUtvqRX/

I have taken quite a number of short term personal trades off public eyes due to my inability to find a long term perspective to share with you on this pair - GBPUSD . From the current set-up tonight, I think I am seeing something concrete that we can hold on to for an extended period of time.
Recent developments reveal that the GBPUSD has advanced to its strongest level in two weeks at $1.363 on Thursday with the initial reaction to the Bank of England's (BOE) rate decision and I am of the opinion that this might be the beginning of a potential rally (maybe short-term).

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Trendline | Reversal pattern ( Double Bottom )
Observation: i. It is obvious that since June 2021, the Pound recorded a drop of over 7% in value against the Greenback to find a bottom at $1.32 in December 2021 and have since been finding higher lows to give room for a potential rally (see daily chart ) in the nearest future.
ii. And after the test of $1.375 in January 2022, price action respected a trendline structure which guided price to a new low at $1.336 on the 27th of January 2021 which is higher than the previous low.
iii. Moving on to the 4H chart, a significant level was identified at $1.351 which I shall take to be my key level at this juncture in the market.
iv. Even as the trend line drawn over pivot highs reveals the prevailing direction of speed and price action in the last couple of weeks, the breakout at the beginning of this month could be a signal that the trend is about to change.
iv. During last week trading session, we witnessed price action breaking out of the bearish trendline and this feat shares a confluence with the breakout of key level @ $1.351.
v. In this regard, I suspect that the early hours/days of the new week might see the price dip to test the Neckline of the Double bottom @ $1.33600 to incite rally continuation.
vi. So I have identified a new demand level around 50 to 78.6% retracement of the impulse leg (breakout move which should also respect the new bullish trendline that I think will mature at break above $1.36) for buying opportunity but please note that the area above the key level confirms the bullish bias.
vii . And if a dip does not happen, a reversal structure above the key level should make more sense to take a long position... Trade consciously!
Trading plan: BUY confirmation with a minimum potential profit of 250 pips.
Risk/Reward: 1:4
Potential Duration: 5 to 12days

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.
#GBPUSD

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

2022-02-06 21:15:48 XAUUSD | Perspective for the new week | Follow-up details
https://www.tradingview.com/x/97NdbZyb/

My bias on this pair remains bullish as activity returns into a critical zone identified as the key level at $1,800 - a psychological number. Since my last speculation on this pair, we all witnessed close to 5,000pips run before "profit takings" happened in the penultimate week which sent price crashing but last week's activity could not push price further down.
Market participants will probably look forward to the US January Consumer Price Index ( CPI ) data, a report I think will have a significant effect on the yellow metal this week hence we might see the indecision in price action around the new Demand level in the form of a consolidation phase before a spike (Long or Short)!

Tendency: Uptrend ( Bullish )
Structure: Supply & Demand | Trendline
Observation: i. Between the month of September 2021 and mid-November 2021; the price of Gold moved north with approximately a 9% growth in value - a significant feat in recent time to signal a bullish momentum evolving behind the scenes as the $1,830 zone which has been a strong niche for sellers was finally broken to set a bullish tone in the market.
ii. After this significant breakout, the price has continued to break above the $1,800 level followed by multiple rejections as buyers prevent sellers from taking the price further down, a character that reveals buying power at this juncture in the market.
iii. And in the last 3 months, the Trendline drawn under pivot lows continues to hold price within its range to keep the hopes of buying opportunity intact.
iv. The $1,780 level have been keeping price "supported" since the beginning of the year -2022.
v. Now, with the identification of a new demand level around $1,780/1,800; I feel comfortable taking a long position above the key level with options of adding to my existing position at breakout/retest of $1,825 in the coming week(s).
vi. It is worthy to state here that, if we experience a break below $1,780 in the coming week which will also share a confluence with the breakdown of the Bullish Trendline, then a rejection of this Trendline should confirm a selling opportunity... Trade consciously!
You might also want to look at my previous perspective for referencing - see link below
Trading plan: BUY confirmation with a minimum potential profit of 10,000 pips.
Risk/Reward: 1:5
Potential Duration: 5 to 15days

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.
#XAUUSD

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

2022-02-06 20:17:44 GBPCHF | Perspective for the new week | Follow-up details
https://www.tradingview.com/x/3HlHClSG/

We witnessed over 200pips move in our direction since my last publication on this pair (see link here https://www.tradingview.com/chart/GBPCHF/S3FGZRr9-GBPCHF-Perspective-for-the-new-week/ for reference purposes) and ...?
Fr1.25400 area - Price is currently oscillating within 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).

Tendency: Downtrend ( Bearish )
Structure: Supply & Demand | Trendline | Reversal pattern ( Double Top )
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 line drawn under pivot lows reveals the prevailing direction of speed and price action in the last 10 days.
iii. However, Buyers have found it difficult to continue the momentum as multiple rejections of Fr1.254 is preventing the price from soaring which puts a dent in my last prediction ( see link below for reference purposes).
iv. If we go as far back as 2015, we will notice how the Fr1.254 area has been a major determinant of price as a break above or below normally sends price in the direction of the break (see weekly chart).
v. Equipped with this information and observing how selling pressure has increased in the last 22 days ( between the 13th of Jan and last week trading session), my bias is slightly tilting towards shorting the Pound against the Swiss franc in the coming week(s).
vi. Double Top: The appearance of an extremely bearish technical reversal pattern forming after price tested Fr1.23 area two consecutive times during last week trading session is giving more credibility to the bearish momentum suspected.
vii . To also emphasize the strength of the selling pressure is the drop in demand zone from Fr1.245 to Fr1.242 in the space of 2 weeks.
viii. With a Key level identified at Fr1.25, I shall be looking forward to a breakdown of this level which will also coincide with the breakdown of Bullish Trendline. So, what this means is that below Key level remains a comfortable area to short the Pound in the coming week(s).
CAUTION: All this being said, should we see a significant breakout of Fr1.254 in the coming week(s) then we shall be reverting to the previous analysis supporting a bullish bias (see the link)... Trade consciously!
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward: 1:4
Potential Duration: 3 to 7days

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

2022-02-06 15:02:29 EURUSD | Perspective for the new week | Follow-up details
https://www.tradingview.com/x/I6mxzmkD/

The price moved over 140pips in our direction (see link here https://www.tradingview.com/chart/EURUSD/I1joBXv6-EURUSD-Perspective-for-the-new-week/ for reference purposes) before the appearance of multiple bearish engulfing candles which suddenly disrupted the bullish momentum building up from the reversal structure identified in my first speculation. The EURUSD bounced back after US jobs dip as we witness a cancelling of this bearish move during the course of last week trading session as buyers brought the price back to where it was during my first analysis on this pair - a development allowing me to maintain my bullish perspective on this one.

Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Trendline | Consolidation structure
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. The bearish momentum appears to have found a bottom @ $1.12 in November 2021 which can be evident in the character of price action in the last 3 months except for the "sudden" breakdown of this level at the tail end of the month January 2022.
iii. Except for the "false" breakdown at the end of last month; Since the price hit bottom @ $1.12, we have noticed a gradual bullish momentum as the price continues to find higher lows which are evolving to the possibility of buyers taking over the deals from the supplication zone around $1.135 area.
iv. Like I have stated on my last speculation, above key level @ $1.13 appears to be a comfort zone for me to long with hopes of adding to my existing position at Breakout/Retest of $1.138 area.
v. In this regard, I suspect that the early hours/days of the new week might see a drop in price towards the key level area where I have identified on the chart as a new demand level to incite an increase in the value of the Euro .
vi. Hence, above the key level @ $1.3 remains a comfortable area to long the EURUSD .
NB: Considering the long-term Bearish momentum, it is appropriate that we remain conscious as the Bullish expectation in the coming week(s) could be a correction phase that might incite a downtrend continuation but till then... Trade consciously!
Trading plan: BUY confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:4
Potential Duration: 5 to 12days

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

2022-02-05 00:58:43 Good Evening Everyone!

Excited to share with you our signal performance (Nirvana! Lite and Freedom bouquet) for the week (31st January - 4th of February 2022). Kindly find in the attached as we closed the week with a total of 1,023pips across board.

Feel free to contact @Huzzylady on Telegram for more detail/clarifications.

Happy Weekend!

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

2022-02-03 19:25:22 #EURAUD | FREE SIGNAL SAMPLE https://www.tradingview.com/i/KbivVK9g/ We Bought @ 1.58261 Stop-Loss @ 1.57850 (41pips) Potential TP1 @ 1.58900 (64pips) Potential TP2 @ 1.59600 (134pips) Current Price … Open / Comment

2022-02-03 15:12:28 #GBPAUD LEVEL UPDATE

Observation: Passed TP1
Profit: 135pips

Contact @Huzzylady for details Open / Comment