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GBP/JPY 15-Minute Chart AnalysisKey Observations: 1. Descending Trendline Break: - The price has broken above a descending trendline, signaling a potential bullish reversal. 2. Demand Zone: - The price found support near the highlighted demand zone 196.430–196.600. 3. Bullish Setup: - A long trade setup is active, with stop-loss set below 196.168 (extended stop-loss at 195.782) and multiple take-profit targets: - Target 1: 197.271 - Target 2: 198.063 - Target 3: 198.815 --- Trading Scenarios: 1. Bullish Continuation: - If the price sustains above 196.600, it is likely to move toward 197.271. Breaking this resistance level could lead to further upward momentum targeting 198.063 and eventually 198.815. 2. Invalidation of Bullish Setup: - If the price falls below 196.168, the bullish setup will be invalidated, and the pair might retest the previous low near 195.782. --- Trading Plan: - Entry (Buy): Above 196.750, targeting 197.271 (first target) and 198.063 (second target) and 198.815 (third target). - Stop-Loss: Below 196.168 for standard risk or 195.782 for extended risk. --- Stay disciplined with risk management and watch for any signs of rejection near resistance levels. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Long
by PhD_Swingtrader
AUD/NZD 15-Minute Chart AnalysisKey Observations: 1. Trendline Break: - The price broke below the ascending trendline, signaling a potential bearish shift in momentum. 2. Resistance Zone: - The price is trading below the highlighted resistance zone (1.10560–1.10600) and retested it, confirming it as a potential supply area. 3. Bearish Setup: - A short trade setup is active, with the stop-loss placed above 1.10755 and take-profit targets at key support levels near 1.10446,1.10314 and 1.10025. --- Trading Scenarios: 1. Bearish Continuation: - If the price breaks below the first target level (1.10446), it could head toward the next support zone at 1.10314. - A sustained bearish momentum could even target 1.10025. 2. Invalidation of Bearish Setup: - If the price closes strongly above 1.10755, the bearish setup will likely be invalidated, and the trend could turn bullish. --- Trading Plan: - Entry (Sell): Below 1.10560 - Targets: 1.10445, 1.10315 and 1.10025. - Stop-Loss: Above 1.10755 --- Patience and disciplined risk management are essential for this trade. Ensure to monitor momentum closely. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Short
by PhD_Swingtrader
USD/JPY 15-Minute Chart AnalysisKey Observations: 1. Trendline Break: - The price broke the ascending trendline, indicating a potential shift in momentum. 2. Support Zone: - The price is hovering around a key support area (156.500–156.650). If this zone fails, we could see further downside movement. 3. Bearish Setup: - A bearish view can be taken with the stop-loss around 156.900 to 156.940 and the target near 154.03. - This gives a favorable risk-to-reward ratio if the setup plays out. --- Trading Scenarios: 1. Bearish Continuation: - If the price breaks below 156.500, it could confirm the bearish move towards 154.03. - Watch for bearish momentum and volume to support the move. 2. Rejection and Reversal: - If the support zone holds, the price might retest the resistance near 156.940 or higher, invalidating the bearish setup. --- Patience is key here; wait for clear confirmation of the breakout or rejection. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly. Happy Trading
Short
by PhD_Swingtrader
CHF/JPY Analysis: Potential Double Bottom BreakoutIn this chart, I'm analyzing a potential double bottom breakout in the CHF/JPY pair after a downward trend. The price has been moving down and hit a strong demand zone between 174.125 and 174.300, where buyers seem to have stepped in, pushing the price upward. Technical Observations: Potential Breakout of Double bottom: The price is trying to break out of the double bottom, which could signal a further upward movement. Breakout and retest: If the price gives a break out, there might be a small retest and eventually starting moving towards the target. Target Levels: If the breakout is sustained, my first target is around the 175.810 level, with a secondary target at 176.290, which aligns with previous resistance levels. Stop-Loss: I've set my stop-loss below the 4h breakout candle if the breakout fails.
Long
by PhD_Swingtrader
AUDCAD 1-Hour Chart AnalysisOn this chart, AUD/CAD is displaying signs of potential support in the green zone. A downtrend line is evident, but the price has tested this trendline multiple times. Key Levels: Support Zone: Around 0.90800, which could serve as a foundation for a reversal if buyers step in here. Resistance Levels (Targets): Target 1: 0.91790 Target 2: 0.92025 Target 3: 0.92380 Target 4: 0.92700 Stop-Loss: 0.90680, just below the support zone to manage risk in case of a bearish continuation. Potential Scenario: Bullish Reversal: If price action breaks above the descending trendline, there is a possibility of a bullish move towards the first target at 0.91790. The break above would signal a reversal from the downtrend, potentially aiming for higher targets. Bearish Continuation: If the price fails to hold above the support at 0.90800, it may continue downward, hitting the stop-loss level at 0.90680. This could provide a shorting opportunity. This setup could be ideal for a trend reversal trade, focusing on breaking resistance levels and progressively moving toward the higher targets. Be sure to monitor for confirmation before entering, as this could avoid potential false breakouts. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
Long
by PhD_Swingtrader