theprofitpioneerzw

theprofitpioneerzw

Chart Patterns Identified: Cup and Handle Pattern (highlighted in red/pink): The left half shows a rounding bottom (the “cup”). The right side forms a descending wedge (the “handle”), typically a bullish continuation pattern. Falling Wedge (inside the handle): The price consolidates in a narrowing range, suggesting a potential breakout. A breakout is...

theprofitpioneerzw

Chart Breakdown: 1. Trendline Break: A clear uptrend was in place, supported by the ascending blue trendline. The price broke below this trendline, suggesting a potential reversal or correction. After the break, price attempted to retest the trendline (a common behavior before continuation in the new direction). 2. Bearish Rejection: Price got rejected around...

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This chart shows the British Pound / Swiss Franc (GBP/CHF) on a 2-hour Heikin Ashi timeframe, and it highlights a potential bullish breakout scenario. Here's a breakdown: 🔍 Key Observations: Descending Channel: Price was trading within a downward-sloping parallel channel, defined by two blue trendlines. This pattern often signals a bullish continuation when it...

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Key Observations: Imbalance Zone Identified (Supply-Demand Gap): The pink zone is marked as an imbalance — an area where price moved too quickly upward, leaving little trading volume in between. These imbalances often act like magnets, drawing price back to "fill" them. Recent Price Action: Price recently formed a peak and has since started pulling back. The...

theprofitpioneerzw

🧱 Key Observations Order Block (OB) Marked (Demand Zone): A clearly marked bullish order block (OB) zone is highlighted in pink around the 139.883 low. This zone likely represents institutional buying interest. It was the origin of a strong bullish move that broke prior structure. Price Action: After a series of higher highs and higher lows, price has...