Profound_Ambition

Profound_Ambition Updated 

Looking for further upside movement into resistance, as price has made a break & retest of the previous structure resistance zone as new potential support, where now I am anticipating for price to continue up into the resistance zone as long as price holds above this retest zone.

Profound_Ambition

Price is following a downtrend making a series of lower lows & highs. Price has made a deep pullback to retest the previous lower high of the downtrend, which aligns with structure. This region was rejected, showing the trend is still valid below this region & a lower low into key level support can be anticipated next for a new potential lower low. At the key...

Profound_Ambition Updated 

Price last week broke out of the sideways range to the upside for a new potential high, shifting the structure & the trend. Price has now pulled back for a new potential higher low here to retest the broken range as new potential support here, where we can now look for price to resume the new uptrend for a potential higher high next.

Profound_Ambition Updated 

Price is approaching a key area of higher timeframe resistance along with the broken trendline, where I am watching price action for a bearish reversal & movement back to the downside .

Profound_Ambition

Price is forming a potential inverse head on shoulders formation at key support, along with rejecting support once again today making a right shoulder. Price should resume back up towards the neckline which aligns with the descending trend line, where we would monitor for a breakout to the upside for a potential trend reversal

Profound_Ambition Updated 

Price previous broke out of the ascending trendline to the downside with a strong impulsive movement. Since then, a pullback and correction has been taking place & price today has retested the broken trendline as potential resistance, which aligns with a strong area of S/R (looking left). I am anticipating for price to resume the downtrend & enter back into the...

Profound_Ambition

Price previously broke out of the rising wedge pattern to the downside after rejecting the weekly resistance region at the top. Price today has made a bearish reaction at the retest zone, along with the supply zone forming a Doji candlestick & bearish engulfing. This is signaling that sellers may be preparing to push price down again. A clear break of the counter...

Profound_Ambition

Price has reached structure support region of the uptrend. This region will be the decision point here for price, as if price remains to hold here a move back to the upside may occur. However if price breaks the structure zone to the downside with a bearish candlestick, & retests the zone as resistance then we can look for further downside movement & shift of...

Profound_Ambition

Price has currently broken out of the rising channel pattern & retested it. For confirmation now, I am looking for a break & retest of the support structure, for a shift in trend back to the downside.

Profound_Ambition Updated 

Price reached strong support region & is currently forming a bullish reversal candle at this confluence region. I am anticipating for price to move higher again into the resistance region above this region here.

Profound_Ambition Updated 

Price has reached a key trendline that was tested & rejected for a (3rd touch), which aligns with the 50 fibonacci retracement of the last bullish impulsive movement. This key zone also aligns with the previous resistance zone looking left, where a powerful movement has occurred. I am anticipating for buyers to push price back up into the resistance zone as long...

Profound_Ambition Updated 

Price is approaching the previous area of structure support last week, forming a new potential lower high & I am looking for a retest / rejection of the previous support zone above as new resistance, for price to resume the downtrend for a potential lower low into higher timeframe support below.

Profound_Ambition

Price has reached the descending trend line, along with the top of the rising channel & higher timeframe supply zone. I am anticipating for price to move back to the downside below this region here.

Profound_Ambition Updated 

Price has reached an area of resistance, looking left & is currently following a correction pattern / rising wedge formation. A breakout of the pattern & we may see price move into the higher timeframe support region of interest below for a potential lower low.

Profound_Ambition Updated 

Price is approaching a key area of higher timeframe resistance at 1.06000, which looking left in 2020 was also a very strong support region. This region above, also aligns with the long term descending trendline, where price could see some downside movement short-mid term.

Profound_Ambition Updated 

Strong breakout of support has taken place, now I am looking for a retest / rejection of previous support as new resistance on the lower timeframe, for price to continue lower into the support regions below.

Profound_Ambition

Price has pulled back from the neckline support today as anticipated to retest the resistance zone, where the right shoulder of the head on shoulders formation has been formed. I am watching this upcoming week for price to decline from the resistance zone, back into the structure support region (neckline). Once a breakout of the neckline is made, we can anticipate...

Profound_Ambition Updated 

Price has reached a key area of support, after making a 3rd reaction off the ascending trendline previously. I am watching price above this region here to resume the overall uptrend for a new potential higher high into resistance above