Profound_Ambition

Profound_Ambition Updated 

Potential reversal pattern forming, after price rejected off the higher timeframe resistance zone (Weekly). To confirm this pattern as valid, I would first like to see a shift in structure (A breakout of the previous higher low) then wait for price to retest structure as new resistance, showing a shift to a downside towards the 2 zones below to complete the pattern.

Profound_Ambition Updated 

Next projection on this pair, as price finished off last week breaking through multiple areas of support. Price is approaching a higher timeframe zone (blue region), where I will be watching for a potential reversal back to the upside on the lower timeframe.

Profound_Ambition Updated 

Overall uptrend structure, price was forming a series of higher highs & lows. Price made a new higher high @ 18450, but failed to continue the uptrend impulse stage & sellers push price back underneath the previous all time high zone. Since then, sellers have now pushed price back & is currently invalidating the uptrend today by breaking the last higher low &...

Profound_Ambition Updated 

Chart explains itself overall honestly, as price is follow an uptrend structure on the higher timeframe, making higher highs & lows. Price was due for a correction, & that may be coming to an end soon, as price is approaching the previous all time highs in January of 2022, to form a new higher low & retest previous resigtance as new support, where buyers may enter...

Profound_Ambition Updated 

Price previously was following a downtrend, making lower lows & highs. This previous week, price broke out of the downtrend structure to the upside to make a new higher high, & has pulled back towards the previous area of resistance structure, now forming a new potential higher low, where this upcoming week I will be watching for a bullish reaction back to the...

Profound_Ambition Updated 

Price has closed back above the key level zone looking left, & has broken back above structure as well. This upcoming week, I am looking for a slight pullback to retest the zone again as support, where I am anticipating for price to rise towards the resistance regions above.

Profound_Ambition Updated 

Price has pulled back into a key level zone of support & resistance looking left, where a very strong movement has occurred. This zone also aligns with the 61.8 fibonacci retracement & is a very strong area of confluence where above this region I could see buyers push price back to the upside again.

Profound_Ambition Updated 

Price previously broke out of the critical resistance zone to the upside after breaking the bullish flag pattern to set a new higher high & break through the major resistance zone. This previous week, price has formed a new higher low, & is retesting the critical zone as new potential support, which aligns with the fibonacci retracement of the last impulsive...

Profound_Ambition Updated 

Price cleared through the ascending trendline & under the neckline of the potential head on shoulders bearish reversal pattern. I will be watching on the lower timeframe for a potential short term pullback to retest the broken neckline as resistance, & for a potential move down into the next area of demand below to complete the pattern.

Profound_Ambition

Textbook trend setup identified here on USDCHF as price is following a clear downtrend structure making lower lows & highs. Price broke through the key level zone looking left with a sharp lower low. Price then pulled back to create a new lower high, & retest the previous key level support as new resistance, & is forming many rejection wicks in this region along...

Profound_Ambition Updated 

Price previously broke out of the rising wedge reversal pattern with a strong bearish impulse. This previous week, price pulled back to create a fresh lower high, & has now retested a critical zone looking left, that has acted as a major area of support & resistance. Price finished off Friday forming an indecision candle, showing a shift in momentum when price...

Profound_Ambition Updated 

Looking left price made a beautiful bearish reaction & move down for over 400 pips. Then buyers broke that zone, retested with a strong doji creating support looking left & buys pushed price up over 800 pips. This is showing signs that there will be heavy liquidity in this region when price approaches again. We could see a big swing move there & i will be watching...

Profound_Ambition

Price is following a bearish downtrend making lower lows & highs. Price finished off last week, rejecting the top of the bearish channel for a 3rd touch, which aligns with a key area of resistance looking left. Price formed a bearish rejection at the critical region, showing that buyers are failing to push price above this key region, forming a new lower high....

Profound_Ambition

Price is following an overall downtrend making a series of Lower lows & highs. Price today pulled back to retest the previous lower high of the downtrend which aligns with key resistance, & is rejected off this zone which is a big indication that sellers are back, ready to resume the downtrend for a new potential lower low next.

Profound_Ambition Updated 

Price is following a strong downtrend making lower lows & highs. Price previously broke out of the key ascending trend line on the higher timeframe, & has retested last week to create new resistance & has closed below support. This upcoming week, I will be watching price action on the lower timeframe for a retest in the support region to create new resistance, &...

Profound_Ambition

Price has reached a key area of resistance looking left, along with the upper boundary trendline for a 3rd touch / rejection. Price has rejected the resistance zone with an indecision candle as well, which could be an indication that sellers may be preparing to push price down below this key region here..

Profound_Ambition Updated 

Price is following a heavy downtrend structure making lower lows & highs. Price this previous week printed a fresh lower high into the red resistance zone forming a rising wedge bearish reversal pattern, & finished off last week breaking the pattern with heavy bearish momentum. This upcoming week, I am looking for a pullback on the lower timeframe to retest a...

Profound_Ambition Updated 

Price is following an overall higher timeframe uptrend structure making higher highs & lows. Price this week has cleared the falling channel bullish reversal pattern to the upside, along with clearing the structure resistance on the 4 hour timeframe. This upcoming week, I am looking for price to resume the uptrend into the regions above, & for a new potential...