Lenguito_Forex

Lenguito_Forex Updated 

Morning/evening all, NZDUSD is setting up nicely, on the daily time frame we can see that price has cleanly taken out it previous highs and confirmed the break out, therefore i am bullish. I would like to see price retrace back to the highs it previously broke for a retest long. I will BID just before the highs which is in line with daily ATR and 38.2%...

Lenguito_Forex Updated 

Hi all, After reviewing the close of yesterdays daily candle, i am feeling very bullish with USDCAD for many reasons: - Firstly we have a bullish engulfing candle - Secondly, the price failed to close below the previous lows (daily level -15/12/20), potentially trapping any shorts. Therefore if we look for an entry on the H1 we can see some structure that we...

Lenguito_Forex Updated 

Hi all, I'm looking for price to break this level, which is a weekly level (Prior support now resistance) and this hourly support level. I want it to break and close beneath and get short on the retest. I have given a rough trade entry criteria, s/l and targets will be dependent on the price action if it does follow through with my idea.

Lenguito_Forex Updated 

Hi all, I'm still liking GBPJPY to the down side, i think price will probe these lows for a stop loss hunt and i would like to get in to the move back up. I've set my buy limit at the purple line for a number of reasons: 1. It has been previous support now resistance (red arrows) 2. Fib confluence (white arrow) 3. Anticipation of grab of liquidity (blue...

Lenguito_Forex Updated 

Hi, GBPJPY is failing to make higher highs and has come back to this level (green line) multiple times, indicating that price is bearish. There are equal lows here, meaning there could be potential liquidity pools here where price could probe and immediately reverse back to the upside or price could break this level. I'm looking for a break and retest of this...

Lenguito_Forex Updated 

Hey all, Price almost formed a bullish engulfing candle, however i'm still considering USDCHF quite bullish at the moment as it has close above its previous daily lows. On this basis i am looking for a long entry. Here we have identified a strong inflection point (green line), where it is both support and resistance. I would like to see price break and clear...

Lenguito_Forex

Hey guys, Wow.. just wow.. The markets have been crazy the past couple of weeks, all in sell mode and dont see this stopping anytime soon with the coronavirus still relatively new in the US and has the possibility, unfortunately, to spread even further. In terms of trading there will always be opportunities like the one highlighted here... Here we can see all...

Lenguito_Forex

Hey guys, Been a while! Here's a nice little set up on the 1Hour time frame for a intraday sell opportunity.. As we can see price is trending down, due to Oil being bid and coronavirus fears in the US. All markets seem to be crashing! In my technical analysis, i can see that price has broken the 100MA twice now, giving me a clue that it wants to break to...

Lenguito_Forex

GBPUSD is looking very bearish as of late! Price is below all moving averages on the 1HR, 4HR and Daily.. Important to note that price is at the 100MA on the daily, which looks like to me a retest!... My view of this pair is to the downside... On the 1HR a good entry is happening as we speak! Price is bouncing off the 100MA, trendline and 38.2%...

Lenguito_Forex

WOW, GBPUSD has been very, very choppy!! GBP has had some solid fundamental data which should've boosted the bid for the GBP, however the great USD is just too strong for the GBP!! However, I am purely taking this position based on my technical analysis. We can see here that price is at the 100MA bar on the daily and at my 38.2% retracement and trendline!...

Lenguito_Forex

Good evening/morning guys, Currently got my eye on the GBPUSD pair, it has made an impressive move against the 100MA BAR on the daily time frame and is currently pulling back! I'm looking for price to pull back to my 50% retracement which is in line with support and the 200MA. Clues of a bullish market: 1. 100MA sloping up 2. 200MA flattening and possible...

Lenguito_Forex

Hey guys, This looks like a daily pinbar formation on the timeframe, which is at resistance (redlines)and bouncing off my lower trendline!! It has bounced off the 100MA (green line) but it looks like the momentum is still going down. TP 1 - 100MA TP 2 - 200MA or Recent lows (if break 100MA) Trade safe guys, have a good evening/morning (whenever youre reading this) -L

Lenguito_Forex

USDCAD is in a very strong uptrend on all time frames at the moment... it has currently pulled back into my 50% retracement, trendline and at support This looks like a clear risk defining area for me and hopefully for many traders I will take a trade here and go with the trend instead of against it! Stops will be 15pips below 100MA,and TP 1 at recent daily...

Lenguito_Forex

Good morning team, NZDUSD has seen recent action to the downside with a great impulse down with no signs of exhaustion... However we are now seeing the exhaustion, and possible pull back.. If it pulls back into my 50% retracement, which is also in line with resistance (previous support) i will sell here... Or even better if it touches my 100MA i will sell and...

Lenguito_Forex

Hey guys, CADCHF has bottomed and retraced to my 38.2 retracement line which is also in conjunction with previous support now resistance. PRIME time to sell ? Go to put a sell here and target recent lows... Let's see what happens. Have a good day all! -L

Lenguito_Forex

Time to sell eurgbp! Price just hit resistance , 38.2 retracement AND the 100MA!! Price is a bit choppy however i will be selling off this area and targeting recent lows.. Overall on the daily chart the EURGBP does seem to bee in a range bound... could a move lower be a potential? What do you guys think? Trade safe. -L

Lenguito_Forex

Good morning guys!, NZUSD has just launched itself out of it consolidation zone, and just retested the support line (previous resistance) Looks like a prime time to buy, not only did it retest support it also has the 100MA very close to it .. AND the 50% retracement!! All of the above are risk defining levels for many traders, making it a great trade to...

Lenguito_Forex

* * BUY AUDUSD * * Price has just broken the 100MA and the previous ceiling... Looks like a counter trend is establishing... Targeting the 200MA for first target profits. What do you guys think? -L