memsta

memsta

downtrend continuation for first TP att bottom of channel. SL will be moved to BE id price finds support at the yellow zone drawn on the chart

memsta

forecasting a touch on the bottom of descending channel. Downtrend continuation

memsta

Forecasting a touch on the bottom of the descending channel...and long term the channel drawn on a monthly timeframe.

memsta

looking for downside continuation after testing the underside of the ascending channel and supply zone rejection.

memsta

Looking for a downtrend continuation to test the bottom of the channel and complete a 127 fib extension.

memsta

Looking to see this pair have further downward continuation with the Japanese Yen seeing some strength across the board....and CADJPY finding itself in a descending channel on the larger timeframes. Trading below the MAs.

memsta

Looking for price action to play out as indicated in the drawing. If it does so then there is sell limit pending order to be placed, provided the market shows signs of respecting this channel.

memsta

Bottom of yellow zone is first target....then targetting the psychological round number of 0.6. Will scale out along the way before then

memsta Updated 

trend continuation on break of wedge pattern structure. First TP is bottom of larger channel.

memsta Updated 

looking to complete fib extension and hit the bottom of the channel

memsta Updated 

Looking for the 161 extension after having completed a 61.8 retracement. Also in a downtrend continuation pattern having broken out of a wedge on the weekly timeframe.

memsta

Looking for a rally to the topside of the channel upon the breakout of the yellow box of consolidation. Confluence of trading above the MAs. Pending order placed above the zone. Will be scaling out at each resitance level met along the way up.

memsta Updated 

38.2 retracement completed....looking for 161 extension. Downtrend continuation. First TP is bottom of channel.

memsta Updated 

Continuation of downtred from previous weeks trade. Stacking positions

memsta

Seeing a breakout of the descending channel and now accumulating orders whilst maintaining above the MAs, and have retested the topside of the channel trendline. Buy stop order placed as waiting for break of most recent highs.

memsta

continuation of dowtrend to test the bottom of channel. Rejected EMA20 (red)

memsta Updated 

Rejected the EMA20 on the H4 and also tested a 50% fib retracement. Looking at the 161 extension as long target.

memsta Updated 

Forecasting at least another 150 pip move lower to test the boarder of the expanding wedge pattern drawn on the weekly TF. Also price has been rejected from the EMA20 (red) on the H1 timeframe. More downside for GBP across the board seems imminent, along with CHF showing strength across all pairs.