FedericoSellitti

FedericoSellitti Updated 

GBPJPY had a very strong short-term downtrend and sellers were taking a break, celebrating the very good profit they made between the end of last week and the beginning of this trading week. The price entered a tight up-channel and right now sellers are attempting to break this chart pattern, pushing the price down, resuming the downtrend. This is a very clear...

FedericoSellitti Updated 

EURGBP getting again in the upper part of the down-channel, giving us another opportunity to plan our short position. There is a bearish engulfing pattern right on the top of the channel, so we can enter right now and play with a very good risk to reward ratio.

FedericoSellitti Updated 

USDCHF is still following an up-channel, although sellers seem to be quite strong now and are attempting to break this chart-pattern, pushing the price down. We have had some signs that buyers are still trying to buy at the bottom of the up-channel, like the good hammer with the lower shadow on the channel and last candle that represents a good reaction. A...

FedericoSellitti Updated 

USDJPY is going down very fast, breaking a very important support level with a strong action by sellers. I propose this trade with a very easy stop loss and a convenient take profit, that guarantee a risk to reward ratio that is better than 1:2.

FedericoSellitti Updated 

On AUDCHF, we had the price moving within an ascending triangle for a while. After the breakout of it, the price had a good acceleration going down, but now it is retracing, testing again the uptrend line that formed the lower part of the ascending triangle. Sellers just had a good reaction on it, so it is time to trade the rejection of this chart pattern.

FedericoSellitti Updated 

NZDUSD testing the upper part of the down-channel. Buyers seem to be quite strong at the moment, but we already had a good reaction by sellers and the risk to reward ratio is very promising, since we can easily get a RR better than 1:3, even placing our take profit right in the middle of the channel. You can also have a second take profit at the bottom of it,...

FedericoSellitti Updated 

NZDJPY is in a very strong downtrend, at the moment. Price is going down very fast and we will try to join the down-movement on the breakout of a short-term support. Setup of the moving averages is also extremely bearish, so we can't pass on this one :)

FedericoSellitti

NZDCAD is on a very important support right now. Last action is extremely bearish and the price gives the impression that is able to break through this level and continue towards 0.80 area. Although sellers are very strong right now, a reaction by buyers on such an important level, might be a sign that sellers are taking their profits and buyers are starting to...

FedericoSellitti Updated 

AUDUSD just tested a resistance that is formed by the last important swing high. After testing that level, we had a bearish engulfing pattern, sign that sellers are attempting to push the price down. Interesting battle between buyers, who seemed to be strong with the last up-movement, and sellers, who seem to find convenient the level 0.6808 to place their short positions.

FedericoSellitti Updated 

EURAUD is in a short term pennant and we just had a bullish engulfing pattern at the bottom of it. With a risk to reward ratio that is better than 1:2, this could be a nice trade to catch!

FedericoSellitti Updated 

We have already analyzed this chart pattern on NZDUSD earlier. The first trade didn't go very well, I'm going to consider an entry on this one here :)

FedericoSellitti Updated 

Yesterday, on my YouTube channel, we analyzed a possible breakout of the support. The price broke the support at the end, giving some profits to traders who followed the idea. Today, I propose another trade following the downtrend. The idea is to trade the breakout of this short-term up-channel, with a very standard entry that we have seen many times in the Swing...

FedericoSellitti Updated 

GBPJPY has been in a strong uptrend since the beginning of September. Today, for the first time in 2 weeks, the price passed the Ichimoku cloud, showing some strength by sellers. The blue line of the Ichimoku is also heading down, so we have two fundamental conditions to consider a short position. Price and red line are below the blue line, while the Chikou Span...

FedericoSellitti Updated 

Yesterday, we saw our EURGBP short position hitting the stop loss for less than one pip and going down, hitting our take profit at the bottom of the downchannel just like we planned. Today, the price is offering a second chance to trade the same chart pattern, so we try to enter again with a favorable risk to reward ratio.

FedericoSellitti Updated 

EURGBP following a down-channel and now the price is showing a rejection at the top of the channel. Strong red candle, following a strong green candle. It is a sign that the battle between buyers and sellers is on and sellers are trying to react and open their positions right at the top of this down-channel.

FedericoSellitti

EURAUD is breaking an important swing high that we had in the past and the setup with the moving averages is turning bullish. With a risk to reward slightly better than 1:2, it is worth to try to trade this breakout.

FedericoSellitti Updated 

AUDCHF is at the bottom of a pretty solid range. The price is just getting out of a small congestion phase and buyers seem able to continue to push the price higher, towards the top of the range. With a risk to reward ratio better than 1:2, it's definitely worth a try.

FedericoSellitti Updated 

AUDCAD starting this trading week with a strong action by buyers that push the price above the ascending triangle we had after the weekend gap. Very good risk to reward ratio, hard to pass on this trade.