Profound_Ambition

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.

Profound_Ambition Updated 

Price has formed a Doji candlestick previously at the very bottom demand zone, & has now formed a beautiful inverse head on shoulders formation. I am looking for a break & retest of the resistance neckline price is currently at the the upside for buying positions this week as it seems the momentum has now shifted back to the upside. Waiting for breakout!!

Profound_Ambition

Beautiful higher timeframe retest of previous key level resistance looking left, as new support forming a higher low. 3 weeks now price has closed above this key region, & above this zone I am looking for price to resume the overall uptrend.. A lot of confluence in this region as it also aligns with the 50 fibonacci retracment of the previous impulsive stage. The...

Profound_Ambition

Price previous made a strong bullish impulse to the upside off of 4 hour support on the bottom. Price then broke the lower timeframe resistance structure & now tested multiple times as new support, forming a bullish triangle. Above this region here I am anticipating for price to continue to the upside again.

Profound_Ambition

Price is following a strong downtrend now making lower lows & highs. Price has rejected the supply zone which aligns with an area of 4 hour structure support now new resistance creating a fresh lower high. From this region, I am anticipating now price price to continue the downtrend into support for a new potential lower low next.

Profound_Ambition

Price Is following a downtrend making lower lows & highs. Price has pulled back to retest the lower timeframe descending trendline for a 3rd rejection, & saw a bearish impulsive move to the downside. I am looking for a pullback on the 15-30 min timeframe into the supply zone where I will be looking for selling orders in that region for price to then resume the...

Profound_Ambition

Price is following a strong downtrend making lower lows & highs on the lower timeframe after breaking the big picture channel to the downside. I am looking for further downside movement from resistance this upcoming week

Profound_Ambition Updated 

Price has reached a key area of support & resistance, where previously price made a strong impulsive movement to the upside from this zone. I am anticipating for price to rise back up into resistance again.

Profound_Ambition

Price previously broke out of the ascending trend line after forming a double top formation at the top. A lower high has been formed now & price has pulled back into a key area of previous support, now testing as new potential resistance. Below this region here, I am anticipating for price to continue back down into support.

Profound_Ambition

Price is following a downtrend making lower lows & highs. Price has now made a new lower high retesting previous support as new potential resistance, which aligns with the 50 fibonacci retracement. If this key region holds as resistance, we can see price continue the overall downtrend for a new potential lower low into key level support.

Profound_Ambition

Price rejected off of key level resistance with a spinning top indecision candle, & below the key level zone I am anticipating for price to resume into the regions below.

Profound_Ambition

Price has reached a key area of resistance which aligns with the 50 fibonacci reteracement as well, & today formed a doji candlestick. I am seeing a bearish revesal back into support coming as long as price remains under this resistance zone.

Profound_Ambition

Price has reached a key area of support & is a very powerful zone for bullish momentum looking left. I am anticipating for price to continue higher above this key region, back into the resistance zone up top.

Profound_Ambition Updated 

Price previously formed a Doji candle after that bearish pin bar, & was ranging for 5 days. A strong breakout engulfing candle cleared the bottom of the doji, & today retested it as resistance, this new daily open could test the retest zone once more & we could see price decline once again down into the next major support region at 161.250

Profound_Ambition Updated 

Bullish reversal pattern forming, & price is at the neckline resistance. If a breakout of this key region takes place, I am looking for price to move back towards 1.07875 resistance again

Profound_Ambition

Price reached key demand zone looking left which aligns with the 50 fibonacci retracement along with multiple rejections occurring in this region. I believe that price is gearing up to move back to the upside into the resistance zone above.

Profound_Ambition Updated 

Looking at a trend reversal for this pair as price formed a double top at the key liquidity zone looking left, where price made a huge reaction in the past. On the lower timeframe I am going to look for signs of a bearish reversal to continue lower this week into the zones below.