FedericoSellitti

FedericoSellitti Updated 

EUR/USD offers a great opportunity to trade a beautiful candle showing a rejection in the upper part of the up-channel. Short-term trend is up and it is well represented by the chart pattern that we are studying, but long term trend is not so clear, in my opinion. Fundamentals are against EUR, recently. The setup of the moving average also slighlty prefers short...

FedericoSellitti

AUDJPY started the week again in favour of buyers and now the price is approaching an important level of resistance. Price action seems to be good for a long position and we also have the setup of the moving averages that is bullish. Risk to reward ratio is 1:3, so definitely a trade we can consider.

FedericoSellitti

USD started the trading week in a strong way and it is driving EURUSD down. We have a breakout of an important level of support, then a reaction by buyers, a re-test of the same level and now a good reaction by sellers. The setup of the moving averages is turning bearish, while it is already bearish on the H1: On the H1, you can also appreciate how the support...

FedericoSellitti Updated 

Bearish engulfing pattern on a downtrend line for CADJPY. Last week, JPY has been one of the weakest currencies, while CAD has been one of the strongest. In terms of market action, I normally would wait for a confirmation, since buyers have been very strong. The opportunity offered by the risk to reward ratio (up to 1:10!) that we can get, leads me to take...

FedericoSellitti Updated 

EURJPY had a very strong short-term up-movement, especially due to a very weak Japanese Yen in the past 2 days. In the long term, I still believe that the market is bearish: We have the chance to trade the rejection on a very good level of resistance. Although the first reaction is promising, we have a bearish engulfing pattern, the market is coming from a very...

FedericoSellitti Updated 

In the last two weeks, I have published a couple of videos sharing a strategy based on Price Action and the RSI. Many traders asked me if I can share more example of how to trade with it in real market conditions, so I'm here sharing a potential trade with this strategy, on AUD/CHF. Price approached a very important long term resistance, so we can try to look for...

FedericoSellitti Updated 

EURJPY has been trading in a very tight range since the beginning of the trading week. With the setup of the moving averages that is about to turn bearish and with a strong down-movement behind the box, I am looking for a good opportunity to enter a short position. I'm going to wait for the price to enter the upper part of the range, then wait for a signal that...

FedericoSellitti

GBP/NZD is coming from a very good uptrend and it is fair to ask ourselves if this new down-movement is just a retracement or a possible new downtrend. The Ichimoku shows a very favorable situation to try to take advantage of this down-movement, getting a nice risk to reward ratio of almost 1:2. You can see that in the last 2 candles, we already had some symptoms...

FedericoSellitti Updated 

EURJPY action is very well represented by this ascending triangle on the 4 hour chart. The price has tested the lower part of the triangle several times in the past days and this gave us the opportunity to study the reaction on it. To be honest, reaction has not been the best one. You can see that there is a first reaction between the 3rd and the 6th of January,...

FedericoSellitti Updated 

AUDNZD action, in the past 20 trading days, seems to be represented very well on the H4 chart by this descending triangle. Right now, we are having some important upper shadows on the upper part of the triangle, showing that sellers might be interested in getting that range of prices for their short positions. This is a standard trade for traders who have watched...

FedericoSellitti Updated 

USDJPY is in a short term downtrend that is highlighted very well by the Ichimoku indicator, with the two fundamental conditions that are in favor of a bearish scenario. At the moment, we don't really have a concrete reason to open a short position: 1. There's no sign of sellers. Just a few bearish candles, but nothing special. Two weak bearish engulfing patterns...

FedericoSellitti

EURGBP seems to be very well represented by this pennant. After a very strong up-movement, the price seems to have less volatility, testing several times the key-levels defining the chart patterns. Also the setup with the moving averages shows that the direction of the market is not clear recently and we might have a breakout in any direction. In this situation,...

FedericoSellitti Updated 

Interest rate from the Bank of Canada has just been confirmed at 1.75%. With the Federal Reserve (USD) aiming to keep interest rate in a range of 1.50 and 1.75% (with the decision on the 11th of December), BoE (GBP) expecting to confirm a 0.75% interest rate (decision on the 19th of December), ECB (EUR) at 0% with a good chance to go negative in 2020 (next...

FedericoSellitti Updated 

AUDUSD is one of those currency pairs that I've been analyzing lately, without entering any trade. I'm planning to finally enter a trade on this currency pair, on a potential breakout of a short-term support, that might happen within a good down-channel. Following the trend, risk to reward ratio better than 1:2, definitely an opportunity that I want to try to catch!

FedericoSellitti Updated 

USDCHF reached the top of an ascending channel that we've been monitoring for the past 2 weeks. Sellers had a nice reaction, with a shooting start, followed by a bearish engulfing pattern. Risk to reward ratio is very good for this trade, so it's worth a try. A complete analysis of it is available on my last video on my YouTube channel.

FedericoSellitti Updated 

AUDNZD has been in a strong downtrend during the second part of November. We just had a breakout of another important support, with the price having another strong acceleration going down. The price is currently re-testing the previous level of support and sellers already showed that they consider this level as another opportunity to open their short positions. A...

FedericoSellitti Updated 

Ok, this is not an ordinary trade, so let's start from the analysis of what is standard in this chart. There is a very standard pennant, with the price that is forming lower highs and higher lows. Elements for a short positions: 1. Pennant after a down-movement, breaking a tight range that lasted for nearly one month (bearish chart pattern, in this case); 2. I...

FedericoSellitti Updated 

EURJPY opened the trading week with a very strong bullish momentum! Just breaking the previous swing high, I think we might see a continuation of the up-movement. Risk to reward ratio very favorable, with the stop loss below last swing low.