PhD_Swingtrader

PhD_Swingtrader Updated 

Key Observations: 1. Trendline Breakout: - The price has broken above a descending trendline, signaling a potential bullish reversal. 2. Demand Zone: - A strong supply/resistance zone is evident around $2,639–$2,644, which has acted as a base for the breakout. 3. Bullish Trade Setup: - A long position can be taken, if the price breaks out of...

PhD_Swingtrader

Key Observations: 1. Support Zone: - The price is currently retesting a key support zone around 1.6540–1.6565, which previously acted as a demand zone. 2. Trendline Break: - The uptrend has been invalidated with the break of the ascending trendline, suggesting a potential shift in momentum to neutral or bearish. 3. Key Levels: - Resistance Above:...

PhD_Swingtrader

Key Observations: 1. Support Zone: - The price is currently testing a key support zone around 1.82880–1.83160. 2. Uptrend Break: - The ascending trendline has been broken, indicating a potential shift in momentum from bullish to neutral/bearish. 3. Trading Ranges: - Resistance Above: Potential resistance is visible near 1.8450–1.8500, in case of a...

PhD_Swingtrader Updated 

Key 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...

PhD_Swingtrader Updated 

Key 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...

PhD_Swingtrader Updated 

Key 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...

PhD_Swingtrader Updated 

On 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:...

PhD_Swingtrader

Key Observations: 1. Trendline Break: - A potential break below the upward trendline indicates bearish momentum. 2. Supply Zone: - The price is trading within a highlighted supply zone. 3. Short Trade Setup: - A short position will be active after breakdown, with the following targets and stop-loss: - Stop-Loss: Above 157.440 - Target 1:...

PhD_Swingtrader Updated 

Key Observations: Price Action: The price is testing a strong resistance zone around 153.070. This level has been retested multiple times, showing significant seller activity. Support Zones: 152.700–152.800: A strong demand zone where buyers have stepped in previously. 152.200–152.300: A lower demand zone providing a strong floor in case of further...

PhD_Swingtrader Updated 

In 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...

PhD_Swingtrader Updated 

In this chart, I'm analyzing a potential bullish reversal in the CHF/JPY pair after a downward trend. The price has been moving within a descending channel, with lower highs and lower lows, indicating a bearish sentiment. However, it recently hit a strong demand zone between 174.100 and 174.200, where buyers seem to have stepped in, pushing the price...