PATRICK_BA7EMAN

PATRICK_BA7EMAN

in a two day pull back.... looks like your typical ascending triangle..... probs drop to 1767.00 for the double bottom befor making a better recovery northwards...

PATRICK_BA7EMAN

looking for scalps in the channel decening triangle was broken last night... were at the bottom of the parrallel channel.... lets see where the path eads us... will it be respected... or are we to see more down side???

PATRICK_BA7EMAN

decending triangle... consolidation we are in right now.... if price breaks the 156.000 area, i think we could expect a big drop this week possibly. i'll be taking the direction when price leaves this consolidation, but that pattern is bearing for me..... then again, this is forex anything can happen

PATRICK_BA7EMAN

double top & trendline fail wait for signal, trendline crossover

PATRICK_BA7EMAN

looks like more downside if that trendline can't be beaten

PATRICK_BA7EMAN

Another accumilation possibiltity on the horizion.... unfortunately missed that lovely opportunity to accumilate on the 23rd of may when cake was at 9.45$..... &13$ on the 30th we've recently crossed the upward trendline from the bottom, on the way down for a while, but how far will she go???? Looking to buy up in area's...... 15.1$/13.7$ and wouldnt'y it be...

PATRICK_BA7EMAN

things to consider.... both G & U were the best performers of last week, G nudging slightly ahead in perfromance positive data from the UK BOE. 1.9 trillion stimulus US 1.37500 seems like a bullet proof level 2018 was the last time this area was broken price above for 14 weeks of 2018. Bull trend line that was well respected since dec 20 has been broken,price...

PATRICK_BA7EMAN

keeping an eye on the upper (red) trendline that has been well respected in the last two days. i think a break out from there upward will bring us upto the trend line that was respected over the last month that we broke recently. above our recent breakout ideally need to see a break of the 1.362 area and will probably see a move down to 1.355 area this week.

PATRICK_BA7EMAN

price is condensing into an ascending triangle. return back down to the daily trend line and then a bullish contiuation. if the hourly trendline is broken 1.374 has been tested multiple times in the last week. if price does not break 1.374 this area then we could probably get down to the 1.355 area ONLY if the hourly trend is broken. or alternatively........

PATRICK_BA7EMAN

lots of US news in the pipeline this week... looking at the daily, were still heading to the ceiling which is apparently the 1.34000 area , had many rejections from this level, notably last week thursday.... outlook for the dollar is meh, also the quid isnt looking much better either, although news of the 'vaccine' roll out in the uk gave us a push in the last...