Lenguito_Forex

Lenguito_Forex

Price has just reached the 100MA (Red line) on the 1 hour timeline, which is inline with the 38.2 retracement and key resistance level (Red circles). I will be looking to sell at this level, and target recent lows and manage the trade. What do you think? -L

Lenguito_Forex

Price has approached the daily 100MA (blue line) with a chance it could break it and test the bottom of the trend line, which is in conjunction with.. the 61.8% retracement and strong support (red circles)! Great! We will be looking to BUY AUDJPY at the TRENDLINE and target previous highs! Lets keep an eye on this and see what happens! IF price breaks the...

Lenguito_Forex

Price has broken to 100 MA on the 1HR TF and tested the 200 MA. It has retraced back up to previous support, now resistance, which is in conjunction with the 50% retracement.. Brillant! TP 1 - This is to the 200MA and to the daily 100MA (BLUE DASHED LINE). TP 2 - If price breaks the 200ma 1HR TF and 100MA Daily TF, target recent low. TP 3 - Target next swing...

Lenguito_Forex

The price has reached the 38.2% retracement on the 4HR Timeframe, which has nicely come into line with our 100MA... Perfect! If price decides to break and close below the 38.2% and 100MA, look to sell and target 200MA and or 61.8%. If it doesn't break the 100MA look to buy! Please give me your opinion on this trade. Some fundamentals: 1.Stock are back at...

Lenguito_Forex

GBPCHF: Approaching the 38.2% retracement from recent high! Buy: If breaks SMA's & 38.2% Sell: If rejects 38.2% Please share your opinion and thoughts. Many thanks, -L