FedericoSellitti

FedericoSellitti Updated 

EURUSD broke an important level of resistance this morning. The price is testing the same level and buyers reacted forming a strong bullish engulfing pattern right on the previous level of resistance. Easy setup with this trade, with a standard stop loss below the candlestick pattern and take profit above the previous swing high.

FedericoSellitti Updated 

GBP has been ranging for a few days, without any strong movement against most of the other majors. Today, we try to trade this breakout with the possibility to see some good action on it!

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This was a trading idea that I published two days ago on my YouTube channel. Although we had 48 hours of ranging price, which invalidated the previous rising wedge we were studying, we still have an important resistance that we can trade right now. I'm out of this trade because already trading GBPJPY and GBPUSD with the ALM20 and ALM50 for this week.

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For the past 2 weeks, many traders have tried to join the uptrend on USDJPY. Is it still a good idea? Maybe not anymore. The chart analysis on the M15, shows that we just had a breakout of a rising wedge that seemed to be very strong. Not going to trade with any short position, but I will not even plan long positions for this week.

FedericoSellitti Updated 

EURCAD going down and breaking another important swing low with a very strong candle! We might see a continuation of this downtrend till tomorrow, with the important news on the Interest Rate decision that could change the market scenario.

FedericoSellitti Updated 

The price is about to break the ascending triangle on GBPCHF. The setup with the moving averages is bullish and last action is clearly in favor of buyers.

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Yesterday, I published a potential trading idea on AUDUSD, on my YouTube channel. The price is following an ascending triangle, but recent action is showing that sellers are getting stronger and may attempt to break the ascending triangle, pushing the price down. There has been a nice reaction at the top of the triangle, then a double top (highlighted with the two...

FedericoSellitti Updated 

#USDCAD to continue the downtrend after the formation of a bearish engulfing pattern that is pushing the price below a previous significant swing low.

FedericoSellitti Updated 

@USDCHF breaking a small congestion phase and heading towards a major swing high. With a good risk to reward ratio, this trade is worth a try.

FedericoSellitti Updated 

USDCHF approaching a very important short-term resistance. Setting up a buy stop entry order to try to take advantage of a possible breakout with an acceleration of the price going up. Stop loss below last swing low and take profit below another important short-term resistance.

FedericoSellitti Updated 

EURNZD out of the range for the second time, after a small retracement. Last candlestick on the M15 also confirms that sellers are determined to push the price down, leaving the range that we had for the past 3 days.

FedericoSellitti Updated 

Another breakout idea, this time on EURAUD. Volatility could increase due to the upcoming news for the euro. We will try to catch a possible strong down-movement, placing a sell stop entry order right below last very important swing low. Stop loss above the level and take profit right above the important level 1.61.

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CHFJPY The price has been rejected by the green moving average and we still have a bearish setup on the market. The price also formed important candlesticks that show the reaction of the sellers with a possible change of the short-term direction. Short Trade Entry: 111.10 Stop Loss: 111.30 Take Profit: 110.75 RR = 1:2

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USDJPY The currency pair formed a new low, breaking last one. The setup is bearish, with the green moving average that is moving down very fast. I expect a test of the level at 110.10, with a possible breakout.

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EURCHF The currency pair is in a downtrend according to the strong bearish setup of the moving averages. In the video of this morning, we were already considering a short position on it, but now we have a clear candlestick pattern, a bearish engulfing. Stop loss and take profit may be selected to have a RR that is at least 1:2.

FedericoSellitti Updated 

AUDJPY There are several reasons to consider a short position on this currency pair: 1. Bearish setup with the moving averages; 2. Double top formation; 3. Green moving average working as a dynamic resistance; 4. Bearish engulfing pattern; 5. Price in a main downtrend. The risk to reward ratio is 1:2, so definitely a trade to try.

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BTCUSD The price has been ranging in the last 2 days and I'm waiting for a breakout to push the price towards $5700. A short position at $6300, with a stop loss at $6600 and a take profit at $5700, would give a good risk to reward of 1:2.

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GBPAUD The price is retracing after a strong down-movement. There are 3 reasons to believe that the downtrend will resume: 1. The setup of the moving averages is bearish; 2. The price is on the orange moving average; 3. The price already retraced by 50% and tested the 0.5 level of Fibonacci. A short trade here also offer an amazing opportunity in terms of risk to reward.