Lenguito_Forex

Lenguito_Forex

Good morning guys, Hope all is doing well after the weekend! GBPUSD has retraced quite a bit on the open today... It has retraced to my 38.2% retracement and into some support... What do you guys think? -L

Lenguito_Forex

Price has broken 100MA, and looks like it is reversing the trend upwards. Stops below 100MA and targets to 100MA on the daily (Grey dashed line)... What do you guys think. -L

Lenguito_Forex

Price is at the 200MA on the 4HR Timeframe and near the recent highs Time to sell Target 100MA for the retest! What do you guys think? -L

Lenguito_Forex

Price has broken the 100MA in yesterday's session, which give us a bullish view! In addition it broke resistance, another reason to buy! Price has currently retested the moving average... Time to buy and target the next MA which is... the 200MA!! Lets see how this trade plays out! Have a good day! -L

Lenguito_Forex

Morning guys, I'm waiting for price to retracement back to 38.2% retracement and to the 200MA moving average. This seems like a good risk defining area for me.. Ideal to sell... Targeting risking lows for a decent 1:3 risk to reward ratio Trade safe. -L

Lenguito_Forex

GBPUSD has had a great day today, it seems to be trending higher! Price is currently retracing and is sitting at the 38.2% retracement and at the 200MA on 4HR (blue line). This is a risk defining area! Buy here and target recent highs with stops just 15pips below. * * fundamentals * * GBP Flash Manufacturing PMI Flash Services PMI Trade with care guys! -L

Lenguito_Forex

Hey Guys... All well?? Price has rejected the 100MA on the daily time frame and currently rejecting the bottom trendline... This is a risk defining area for most traders in my opinion, so stops below the bottom trendline and 100MA. TP 1 - 200MA TP 2 - Recent highs (If price breaks 200MA) What do you think? -L

Lenguito_Forex

AUD is one of the weakest currencies today, with the JPY being the strongest. This makes the pair ideal to sell today. As we speak the 4HR 200MA is being broken confirming the downtrend... 100MA is sloped and heading downwards.. These are all good signs of a bearish trend! Execute a trade here and target either the 50% retracement or the daily 100MA (blue...

Lenguito_Forex

Price has come into some support which is line with the trendline and 38.2% retracement... I am looking to buy here and target recent highs for a 1:2 risk to reward ratio! What do you guys think? -L

Lenguito_Forex

Hey guys, It's Friday so lets keep this short and sweet... EURUSD has been a funny one this week, all gains have gone! I am anticipating the price to meet the bottom trendline which is in line with 50% retracement and 100MA on the daily! This is also the recent lows!! I will be looking to buy here and target 200MA.. What do you people think?? Have a great...

Lenguito_Forex

This pair has just broken the floor and the 200MA and currently retesting the 200MA... This looks like a good opportunity to sell and target the next support level... very basic and simple, however it is important to keep it simple as it makes viewing the charts easier and helps the trader make a decision what do you think? -L

Lenguito_Forex

Hey guys, markets seem pretty quiet, so no major techinals to talk about today for me... Here is a little buy signal which looks pretty nice.. A break of the downard channel which is being retested as we speak. Targeting resistance which is also the 38.2% retracement Thanks guys, Trade safe -L

Lenguito_Forex

It seems that the GBP has bounced off the bottom trendlinde again today and heading towards to the 38.2% retracement and the moving averages which are converging. Bearish clues: 1. Price is under moving averages 2. 100MA is sloped 3. 200MA is flattening out (signals market is transitioning to a downtrend/consolidating) When price hits the yellow circle I will...

Lenguito_Forex

Price has converged with the 38.2% retracement, top trendline AND the 200MA on the 4HR time frame, which is also also in line with the 100MA on the Day time frame. This gives us a reason to trade as it seems to be a strong technical level to trade off.. Initially i will be selling of this level, however if price breaks these levels i will buy and target 50%...

Lenguito_Forex

USD has extended a lot today, and seems like it is due a pull back... Price is at major resistance which is in conjunction with upper trendline and 50% fib retracement! Additionally, it looks like price action is forming a daily pinbar (bearish) !! Good time to sell guys! What do you think? -L

Lenguito_Forex

We can see price bouncing off the bottom trendline, is the USD starting to fall off a bit now and retrace? Price is trending down, we never want to sell at the lows, instead the optimum place to sell would be when price retraces. If price reaches my 38.2% retracement, which is in line witch recent resistance, i will look to SELL! * * fundamentals ** Non-farm...

Lenguito_Forex

Price as recently broking the ceiling (resistance) and looks like there is a correction happening to the 38.2% retracement which is also in line with upper trendline and the 100MA (red line) At this point USD is STRONG with all time high stocks and CAD is weak with the oil prices rapidly declining! **Fundamentals** Care we still have big news from US on Friday,...

Lenguito_Forex

I am currently watching the GBPUSD as it looks like it is forming a pennant. Price looks like it is consolidating, this is also confirmed with the moving averages flattening out and the tight range we are in. However nothing consolidates for long, we should anticipate a trend type move. this is most likely to happen when price breaks the pennant formation...