LorenzoDecaria

PRO
Message Follow Following Unfollow
Online Joined Salas_81
Markets Allocation
97 % forex 3 % other
Top Mentioned Symbols
AUDUSD 13% | 17 GBPUSD 9% | 12 NZDUSD 8% | 11 EURJPY 8% | 10
LorenzoDecaria LorenzoDecaria PRO EURJPY, D,
EURJPY: The power of price structures
64 1 4
EURJPY, D
The power of price structures

Here's a clear example of price structure: a few days ago the resistance level at 123.00 (tested multiple times in the past) has been broken and now it has been retested as support. Today's candle seems to confirm such level is holding as support but wait for candle closure.

LorenzoDecaria LorenzoDecaria PRO AUDUSD, D, Short ,
AUDUSD: AUDUSD Short
38 0 4
AUDUSD, D Short
AUDUSD Short

Downtrend resumed around 0.7700 and the recent break of 0.7450 could turn into a resistance; look for bearish formations around that area. FX:AUDUSD

LorenzoDecaria LorenzoDecaria PRO USDJPY, D, Long ,
USDJPY: Nice confluence for a LONG trade
100 0 7
USDJPY, D Long
Nice confluence for a LONG trade

Some confluence line up here for a LONG trade: - 110.00 is a major support / psychological level - 50% Fibonacci retracement - double bottom (more evident at lower time frames) - flaw /wedge formation Worth a shot?

LorenzoDecaria LorenzoDecaria PRO GBPJPY, D, Long ,
GBPJPY: Falling wedge broken
60 1 6
GBPJPY, D Long
Falling wedge broken

This is an awesome technical figure that's taking shape after a very long consolidation period; the impulsive leg starting from past October at 125.00 hit 148.00 at the end of the year and has been retracing since then, finding a strong support at 138.00 Today's candle should confirm the pattern, which hints for a bullish move (and hopefully a retest of 148.00 ...

LorenzoDecaria LorenzoDecaria PRO USDJPY, D, Long ,
USDJPY: Bullish candlesticks around EMA200
46 0 7
USDJPY, D Long
Bullish candlesticks around EMA200

Yen has shown it's weakness in the last days and two bullish candles (two pin candles) around 110.00 mark this level as a strong support. Furthermore, the approaching EMA200 could provide some more confluence for a bullish technical entry.

LorenzoDecaria LorenzoDecaria PRO AUDUSD, D, Short ,
AUDUSD: Bearish Cypher
38 0 6
AUDUSD, D Short
Bearish Cypher

Not much more to say, the pattern should complete around 0.7646 If reached, we could see a retracement.

LorenzoDecaria LorenzoDecaria PRO AUDUSD, 60,
AUDUSD: Coiling before the breakout
45 1 2
AUDUSD, 60
Coiling before the breakout

Price is narrowing into an ascending triangle; it could breakout either way, what's your bias?

LorenzoDecaria LorenzoDecaria PRO GBPUSD, 60, Short ,
GBPUSD: Bearish Cypher
27 0 4
GBPUSD, 60 Short
Bearish Cypher

Quick and easy short setup!

LorenzoDecaria LorenzoDecaria PRO AUDJPY, D, Short ,
AUDJPY: Rejection candle at resistance confluence
42 0 2
AUDJPY, D Short
Rejection candle at resistance confluence

This looks a compelling short trade setup; today's candle is a neat shooting star at the major resistance level of 80 sharp. Plus, some more confirmation comes from the approaching 200 EMA, which acted as dynamic resistance all the way along this marked downtrend.

LorenzoDecaria LorenzoDecaria PRO AUDUSD, D, Short ,
AUDUSD: Short
44 0 3
AUDUSD, D Short
Short

AUDUSD is having an hard time to breach 0.7700 level. After the false breakout back in late April, another attempt failed today with the pair printing a neat rejection candle. Want to know more? Like my Facebook page at https://www.facebook.com/pimpmypips/

LorenzoDecaria LorenzoDecaria PRO AUDCAD, D, Short ,
AUDCAD: Short
60 0 2
AUDCAD, D Short
Short

Rejection candle at previous resistance

LorenzoDecaria LorenzoDecaria PRO EURGBP, D, Short ,
EURGBP: Head and Shoulder
14 0 3
EURGBP, D Short
Head and Shoulder

Neat H&S pattern forming around critical resistance (check weekly chart); do not consider the pattern completed until you clearly see a break of the neckline.

LorenzoDecaria LorenzoDecaria PRO GBPAUD, D, Short ,
GBPAUD: Outside candle on resistance level
33 0 2
GBPAUD, D Short
Outside candle on resistance level

Looks like the GBP is being rejected at the 1.7700 resistance; an inverted H&S pattern could be developing here, but until it's not confirmed I'll keep the bearish bias on the pair.

LorenzoDecaria LorenzoDecaria PRO NZDUSD, 60, Short ,
NZDUSD: Double top
32 0 3
NZDUSD, 60 Short
Double top

Neat technical analysis pattern already confirmed on hourly chart; just a few pips before reaching 0.7500 major phycological level. I'm waiting for a shallow retracement to go short

LorenzoDecaria LorenzoDecaria PRO GBPNZD, 240, Short ,
GBPNZD: Bearish flag
13 0 2
GBPNZD, 240 Short
Bearish flag

Bearish flag on the daily chart, while on H4 time frame we can clearly see a bunch of bearish rejection candles (printed by my custom script) just in conjunction with the EMA200. I'll sell the break of recent lows.

LorenzoDecaria LorenzoDecaria PRO GBPJPY, 240, Short ,
GBPJPY: Two rejection candles on H4 timeframe
92 0 3
GBPJPY, 240 Short
Two rejection candles on H4 timeframe

Daily chart is looking stretched and the H4 time frame offers a nice sell setup; two rejection candles (printed by my custom designed script) hint a downward move could come next.

LorenzoDecaria LorenzoDecaria PRO GBPCHF, D, Short ,
GBPCHF: More a sideways trade
24 0 2
GBPCHF, D Short
More a sideways trade

The current sideways movement is nearing the upper resistance channel; today's pin candle hints a possible downward move is around the corner. Aiming low.

LorenzoDecaria LorenzoDecaria PRO USDCAD, D, Short ,
USDCAD: Trend line break and and retest
24 0 4
USDCAD, D Short
Trend line break and and retest

Rising trend line, which was part of a major ascending triangle, was broken 0n 8/11 and now a retracement towards 1.3000 is taking shape; this level lines up with a previous structure (yellow rectangle) plus the 50% fibonacci level. The conjunction of the two could hint a resume in the downtrend.

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