Profound_Ambition

Profound_Ambition Updated 

Price is on its way back up into the key resistance zone above, which aligns with the 3rd touch of the descending trendline, where I will be monitoring price action for potential selling opportunities again into support. The overall trend is still in a downtrend, & the resistance zone aligns with a key area of structure resistance of the trend.

Profound_Ambition Updated 

Price rejected off key level resistance with a strong bearish reaction taking place. I am looking for a breakout of the counter trend line & lower timeframe structure support, to look for further downside movement into the regions below.

Profound_Ambition Updated 

Price is following an uptrend channel, making higher highs & lows. Price has tested the bottom of the channel, which aligns with a demand zone that's been rejected. Price also formed a bullish pin bar candle now, & above this region I am anticipating for price to rise again.

Profound_Ambition Updated 

Rising wedge breakout, looking for further downside movement this week.

Profound_Ambition Updated 

Price previously broke through the ascending trend line with a strong bearish impulse. Price has retested the area of resistance above & rejected now multiple times, I am watching for one last retest / rejection to the resistance zone above next week for price to make a move to the downside into the support zone of interest below.

Profound_Ambition

Price is in a rising wedge bearish reversal pattern, & has rejected the bottom for a 3rd touch last week. Price also broke under a key area of support ( red zone ) & a retest of this region as new resistance to form a right shoulder, we may see the bearish momentum resume again to break the rising wedge & continue lower again.

Profound_Ambition

Price is following a downtrend, making lower lows & highs. Price has made a correction to form a new lower high, retesting previous support structure as new resistance. A false breakout on the lower timeframe was made to the upside, forming a head of the potential head on shoulders formation being made here. From this region, I am anticipating for price to...

Profound_Ambition Updated 

Very bearish outlook on this pair, as price has closed under a key higher timeframe support region this last week. Looking for price to retest the previous support region as new resistance once more for a 3rd rejection, for price to then resume the downtrend into the next area of key support below for a potential lower low.

Profound_Ambition Updated 

Price has made an inverse head on shoulders pattern & closed above the neckline to finish off last week. This upcoming week, I am looking for price to retest the broken neckline resistance, as new support for price to resume higher into resistance & complete the pattern. Price is in a strong uptrend as well, which makes this pattern more powerful ..

Profound_Ambition

Price has reached a key area of long term resistance looking left, where a very powerful reversal back to the downside may occur below this region. Next week, I will be watching the lower timeframe for a bearish reversal pattern for price to start heading lower into the zones below.

Profound_Ambition Updated 

Price has made a correction this week, after the previous strong bearish impulsive move to the downside before. Now price has reached a key area of resistance & supply, where next week I will be looking for bearish confirmation for price to resume lower into the next area of support for a potential lower low. Looking left, the current zone price is at price has...

Profound_Ambition

Price previously formed a head on shoulders bearish reversal pattern. Price has bounced from support & now is at the neckline that was previously broken, & price is making some rejection wicks here, creating new potential resistance. Next week, I am looking at price at this region for potential downside movement below the neckline region.

Profound_Ambition Updated 

Price is following a strong uptrend making higher highs & lows. Price has now made a higher low, & pulled back to the ascending trendline for a 3rd touch, at a strong area of support. From this region, I am looking for price to resume higher to fill the gap that was made for the market open.

Profound_Ambition Updated 

Price is nearing a key level zone that has acted as support & resistance previously multiple times. This key level zone also aligns with the 61.8 fibonacci retracement of the long term impulsive downside movement that took place. I am looking for price to make a move up into 82.50 where on the lower timeframe I will look for confirmation of a bearish reversal, as...

Profound_Ambition Updated 

Price rejected off the long term descending trend line, rejecting also this week previous resistance forming a double top. This upcoming week, I am looking for further downside on the lower timeframe, into the support region below.

Profound_Ambition Updated 

Price finished off last week rejecting the long term ascending trendline, along with forming a similar Doji candlestick at the key zone of support. This upcoming week I am looking for further upside continuation on the lower timeframe.

Profound_Ambition Updated 

Price this week has formed a potential head on shoulders pattern after failing to break the supply zone, which lead to a sell off today. Price broke through the neckline, & a retest of the previous support as resistance on the lower timeframe I am anticipating for price to resume lower again as the overall trend is still in a downtrend making lower lows & highs.

Profound_Ambition

Price has now reached an area of previous support, along with forming a potential inverse head on shoulders formation on the higher timeframe here. If price holds above this region, we may see strength back into the dollar again.