LukeJones97

LukeJones97

This weeks quote is ” It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros) This is my weekly forecast for GBP/USD. Last week I was anticipating more bullish movement but I was wrong, price failed to break above the high that was printed on the 26th Oct...

LukeJones97

This is my weekly forecast for GBP/USD. This is a little off topic but i am going to start doing a weekly quote to motivate myself and hopefully others to continue this journey we are on. This weeks quote is ' The biggest risk is not taking a risk. in a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks' Anyway...

LukeJones97

This is my weekly forecast. The overall trend is still very bearish IMO. Price seems to have been in a pretty large range over this past month, we have failed to break above the high that was printed on the 5th of October and we have also failed to break below the low that was printed on the 12th of October, even though this is a pretty large range and it has...

LukeJones97

Weekly forecast- This is my weekly forecast for GBP/USD. The overall trend is still very bearish in my opinion with the higher time frame continuing to break structure to the downside and price is also still under the 200 MA on the daily timeframe. I have not been very active on the charts the past couple of weeks but I have noticed over the past 3 weeks we have...

LukeJones97

This is my weekly forecast for GBP/USD. I am still keeping my overall view for GBP/USD as bearish even though we have had two weeks of bullish price action, I will leave my bearish POI's and I will see how price reacts around them, if I do get a conformation I will be entering shorts from the POI's. Price has broken through most of my bearish POI's that I have...

LukeJones97

This is my weekly forecast, last week price broke through two of my bearish areas of interest , price is just below another one of my bearish POI's that i marked out last week and a change of character has happed which could be an ideation that the higher time frame has started to pull back . Last week we did see some strong bullish momentum come into GBP/USD,...

LukeJones97 Updated 

This is my weekly forecast for GBP/USD. The overall trend is still very bearish IMO with price continuing to break higher timeframe structure to the downside, I am anticipating price to continue the downtrend. We are a little overextended IMO so I would not be surprised if we seen a pull back of some sort, I will be a waiting for a change of character on the 15min...

LukeJones97 Updated 

I am doing my weekly forecast today (Saturday).It seems like price has finished the pull back, price has now broken below the daily low that was printed on 07 sep 2022 i am going to continue to look for shorting opportunities since the overall trend is bearish for GBP/USD. Price did not react to any of my bullish POI's i marked out last week price smashed right...

LukeJones97 Updated 

Since price is overall trending bearish and has been for a while I am not going to change my overall view on GBP/USD I am going to remain bearish for the long term. Since price has had a really impulsive drop for the last 37 days I am anticipating a pull back of some sort next week. Price has had a 4 hour change of character so this could be an indication that...