memit

memit

This is a very short-term sell on the GBPUSD which looks like its heading down to support (Orange line). H4 has printed a nice bear flag into the 8ema and into previous support now resistance. Could see a move down from here but only look to capture around 80pips. You could take some profit at this level then see if it continues down.

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This is a long entry. The daily has made pullback after making a new high. Break of the H4 trendline to go long or indecision candle on the daily. Looking for 3:1

memit Updated 

Big rejection of the weekly support level, and has now made a pullback into the emas/support. Will look to enter a long position on the break of the 4hr trendline. And take some profit at 0.86529 around a 100pip move.

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This is a long trade on the NZDCAD pair. Price has broken the neckline of this head and shoulder pattern. I will look to enter this on a H4 pullback as shown on the top right panel. This trade could be taken now on the daily as a breakout trade if that is your style, but I prefer to enter on a pullback to keep a tight SL. TP would be 3:1

memit Updated 

This is a EURGBP short I am looking at. The daily broke out of a bear flag with two strong bearish days, then printed an inside candle on the daily which shows on the H4 as a pullback to the 8ema. Prices on the daily haven't yet reached the lower band so I am in favour of going short on the break of the H4 pullback trandline, as apposed to waiting for the daily...

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There is a potential short setting up on GBPAUD. This is a pullback on the daily into resistance and into emas. I will look for a 4 hour close below the pullback trendline on the 4 hour chart. Plenty of room to the downsise

memit Updated 

Short trade, price on daily has broken the trend line and now being tested as resistance on the H4. We got a bearish engulfing candle and break of trendline on H4.

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This is a NZDUSD long trade. The daily has made a new high and pulled back to the 8ema and some support. The H4 shows this as a nice bull flag. Price has now broken and closed above the trendline on the 4 hour. I will look to enter long here.

memit Updated 

This is a potential long on the CADJPY. The 4 hour has broken out of a bearish channel which got a strong bullish bounce of an important weekly trend line acting as support (as shown). Price has now broken out the channel on the 4 hour and printing small pullback. It could go up from here. I'm not that keen on the daily structure which is why I may sit on the...

memit Updated 

This is a potential short on the EURUSD. Price has broken some fairly significant support on the daily and as you can see on the 4 hour chart, price has pullback to test previous support now resistance. There is a lot of room to the downside if this did decide to drop.

memit

This is a long on the USD CAD. Price on the daily has been in a nice uptrend since the start of October. It has not retraced back to the bottom trendline and into some previous resistance now support. Prices could go up from here with a nice move into some weekly support. My only concern with this is yesterdays large bearish candle on the daily which go us down...

memit Updated 

This is a short on the GBPNZD. Price has broken out short of an ascending triangle on the daily and closed. I will now look for a H4 pullback then look for short entries.

memit Updated 

This is a CHFJPY short trade. Price on daily has broken and closed outside of the bear flag. I will now look for a pullback in the 4 hour into resistance to look for a short entry.

memit

This is a potential long on the AUDJPY. Price has broken out of a fairly significant channel as shown on the weekly and daily. Price is now testing the outer channel as support. On the H4 you can see that there was fairly good bullish candle off that level and now price is making a small consolidation (as shown by the grey box on the 4 hour). Sometimes these...

memit

I posted a EURCHF short the other week which was a break of the red trend-line (pullback) which got us just under 100pips profit. We are now seeing another break of the green trendline on the daily and a pullback (retest) happened on the 4 hour. I will look to enter short on this pullback.

memit

This is another GBPSGD long trade. The first pullback i published should have secured 160pips. Now we're getting another pullback on the H4. The pullback is testing previous resistance now support (as shows on H4 chart- top right) and on the daily is not at a significant point which is good as we hope this will continue up to the next resistance level as marked on...

memit

This is a long trade on H4. 3 candle pullback on daily and 4 hour candle closed above previous day close.

memit

This unfortunately contradicts my EURSGD short trade, but this does look like a nice setup long. Big impulsive move up after a long downtrend on the daily and smashed through the resistance line show on the daily which has been respected quite a few times. It looks like its now testing the same line as support on the H4. Could go long if price breaks above the H4...