LorenzoDecaria

LorenzoDecaria

This pattern usually takes a bit longer to complete but it happens to be at the end of its development just today in concomitance with FOMC's rate decision. Euro's weakness around is revealing at 1.2000, a major psychological level. Watch out for a reversal

LorenzoDecaria

Considering today's weakness, also due to FOMC rate decision, this technical pattern finds some confirmation about a possible downturn in the next future.

LorenzoDecaria

Support around 1.1700 should drive price higher

LorenzoDecaria

Textbook example of structure trading: supports turning resistances and viceversa. I'm expecting a bounce based on this week's pin candle all the way up to the next resistance level.

LorenzoDecaria

Doji candle at support, potentially reversing at this level.

LorenzoDecaria

GPBJPY sitting at support around 144.00 and .382 fib level. Risky trade, enter at market with SL below previous swing low.

LorenzoDecaria

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

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

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

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

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

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

LorenzoDecaria

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

LorenzoDecaria

Quick and easy short setup!

LorenzoDecaria

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

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 www.facebook.com

LorenzoDecaria

Rejection candle at previous resistance

LorenzoDecaria

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.