Lukegforex

Lukegforex

GBP/JPY 30M - Our pending order was just missed late last night, as you can see price didn't quite come down enough to trade into the 50% mark our Demand Zone. Did any of you Asian Session traders manage to get in manually? I know those of you who are in the UK and Europe probably didn't hence the pending order. The trade above ran for + 84 pips. (+5%) 5RR The...

Lukegforex

GBP/JPY 30M - I thought I would provide you all with my thoughts on the GBP/JPY pair for those of you who trade during the Asian session. You can see here there some good opportunity. We have recently seen price break structure to the upside fractally, giving us the suggestion that enough Demand has been introduced from the Zone below to instigate the next higher...

Lukegforex

GBP/USD 1H - With this pair we have very similar thoughts to what we have on the EU pair. Rightly so with the USD being quote on both pairs, we want to see a breakdown in price. Now that price has broken structure to the downside breaking the last structural fractal low, it gives us some confluence that price is ready for a down move and the balance is in favour...

Lukegforex

EUR/USD 4H - As you can see by the screenshot above price looks to be distributing. The reason I say this is because price is trading within a range currently. This suggests that Supply is being introduced and Demand is being offloaded from the market, in doing so we can expect a reversal in trend from bullish to bearish. To further back this we have had a...

Lukegforex

USD/CHF 4H - Wit this pair you can see that price has recently traded down and into a valid area of Demand, I am expecting enough Demand to be introduced to flip the balance. I have gone ahead and marked out the last protected high within the bearishness that has traded price down and into the area of interest. Once we see a break in that we will have more...

Lukegforex

EUR/USD 15M - I am wanting to take this market long moving forward which is great as it correlates well with our GU analysis. This is somewhat expected with the USD being quote on both. This would suggest that we want to see weakness over the course of the next week or so in the USD. I am wanting to see price pullback slightly now so we can get in with a refined...

Lukegforex

GBP/USD 15M - It looks as though price has come to test this area for a second time, setting a double bottom pattern, I am now expecting the next push higher to take place. For those of you who implemented safety measures like me, we can look to get re-introduced, once price pulls-back fractally into an area of interest. There is an area around our original...

Lukegforex

GBP/USD 15M - Back with another update for you all on this position, we are seeing that price is about to break the last high set within this bullishness. This will confirm that the low set below our entry point, the one that traded down and into the Demand Zone will be protected, as that low created a new higher high. This trade is currently running + 36 pips....

Lukegforex

GBP/USD 15M - As you can see price has broken out this ranging market after penetrating this area of Demand. It looks as though we are now going to see the next bullish leg. I have gone ahead and marked out an area of Demand I feel price could trade down and into before a continuation higher, this area is a hidden Order Block. This trade is currently running +...

Lukegforex

GBP/USD 15M - I have decided to take this market long as price is yet to show signs of a deeper correction to the downside within this higher timeframe schematic. Price rejected well from this area of Demand. Because of this I have gone ahead and placed a long position to try and capitalise on a continuation in bullish structure, this to me looks like a clearance...

Lukegforex

USD/CHF 1H - I am looking to get involved in this market with further long positions, its just a case of waiting for the confirmation in order to add to our current positions. This market treated us very well last week generating us with over 4RR in profit, I am wanting to take full advantage of this market again this week. I believe this longer term swing has...

Lukegforex

GBP/USD 1D - As you can see this is my mid to long term set up for this pair, I am expecting price to trade us lower longer term due to the higher timeframe BOS to the downside that we have had. As you can see though we are in the mids of a corrective wave that is currently trading us higher, we can look to take part in this corrective wave once price trades us...

Lukegforex

USD/CHF 1H - How we getting on people, sorry I have not been around these past two days I have been busy with some personal matters, nevertheless I am here with an update for you all on this trade. I have gone ahead and taken a close for 2/3's of the trade, leaving just 1/3 open over the weekend, I have also gone ahead and moved my SL to entry applying those...

Lukegforex

USD/CHF 30M - As you can see price has come to completely liquidate the hidden order block I have marked out below, anyone who had a pending order set there should be in the money and profiting well. With price trading lower to clear that area I am now expecting price to continue pushing us higher, breaking highs and protecting lows. This is a position I will be...

Lukegforex

USD/CHF 15M - As you can see price has recently traded down to set a higher low in this market round our entry point which is great as this low will soon be seen as protected, this is once the high it creates breaks the previous high. I am confident with this trade to leave it running overnight, as I say once we break the last high set we should see that low set...

Lukegforex

USD/CHF 15M - As you can see price is playing out well up to now, we are seeing that price is respecting these areas of Demand and price is trading higher from them. As we are respecting these areas and new highs are being created it further backs our analysis and running trade to take this market long. This trade was placed based on a BOS to the upside and price...

Lukegforex

XAU/USD 1H - To conclude my analysis this morning as you can see I am wanting to see weakness with the Gold spot. This again further backs our analysis to see strength in the Dollar this week. Price at the moment looks to be distributing, I would love to see price trade up and into the Supply Zone I have marked out above to give us that refined entry. However...

Lukegforex

EUR/USD 1H - We want to see the exact same thing take place here on this pair. You will notice that all three pairs I have sent analysis out for correlate perfectly. We want to see strength in the USD ultimately this week which is why we want to see this pair as well as GU trade lower, as this would tell us that the EUR and GBP are weak against the USD. As for...