Hi everyone.
Lets get straight to it………
Looking at the 4 hour strength indicator this afternoon (Monday) then I really had to work the pairs as they weren’t that clear cut for me as some of the pairs didnt meet my direction criteria to get a bias.
The top bull and bear pairs using the strength indicator on the 4 hour chart this week will be……..
…………………………………………………………..
The bull pairs to keep an eye on will be……
……………………………………………………………
1) Dollar/CHF on the 4 hour:
The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 98 pips higher than last week’s opening – so we did meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Currently I have a long zone between 0.9891 and 0.9835
Areas to keep an eye on for support: 0.9891 and 0.9863 and 0.9835
Target: WR1 at 1.000 and WR2 at 1.0066
Counter longs from the WR1 at 1.000 and WR2 at 1.0066
Target: WPV at 0.9893
Notes:
If price makes a higher high without the correction we wanted….follow price with the fib to get the adjusted long zone for the week.
If we break the 75% fib for some reason to the downside then re look at last weeks low and some EMA`s between 0.9779 and 0.9730 for support to long from as the main trend is still long.
……………………………………………………………
2) Euro/Aussie on the 4 hour:
The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 41 pips higher than last week’s opening – so we DIDNT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Currently I have a long zone between 1.5249 and 1.5149
Areas to keep an eye on for support: 1.5249 and 1.5199 and 1.5149
Target: WR1 at 1.5458 and WR2 at 1.5623
Counter longs from the WR1 at 1.5458 and WR2 at 1.5623
Target: WPV at 1.5254
Notes:
We didnt close the wanted plus 50 pips higher than last week – However we had a nice jump so far today so I will fib the 4 hour for the long zone this week
If price makes a higher high without the correction we wanted….follow price with the fib to get the adjusted long zone for the week.
If we break the 75% fib for some reason to the downside then re look at last weeks low and some EMA`s between 1.5044 and 1.4937 for support to long from as the main trend is still long.
…………………………………………………………….
The bear pairs to keep an eye on will be…….
……………………………………………………………
1) Aussie/CAD on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 98 pips lower than last week’s opening – so we did meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Currently I have a short zone between 0.8762 and 0.8829
Levels to keep an eye on: 0.8772 and 0.8803 and 0.8834
Target: WS1 at 0.8682 and WS2 at 0.8623
Counter longs from the WS1 at 0.8682 and WS2 at 0.8623
Target: WPV at 0.8789
Notes:
If price makes a lower low without the correction we wanted….follow price with the fib to get the adjusted short zone for the week.
If we break the 75% fib for some reason to the upside then re look at last weeks high and some EMA`S between 0.8880 and 0.8900 for shorts to set up from as the main trend is still short.
……………………………………………………………
2) Aussie/USD on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 30 pips lower than last week’s opening – so we DIDNT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Currently I have a short zone between 0.6416 and 0.6482
Levels to keep an eye on: 0.6416 and 0.6449 and 0.6482
Target: WS1 at 0.6297 and WS2 at 0.6229
Counter longs from the WS1 at 0.6297 and WS2 at 0.6229
Target: WPV at 0.6422
Notes:
We didnt close the wanted min 50 pips lower than last week – However we had a nice drop so far today so I will fib the 4 hour for the short zone this week
If price makes a lower low without the correction we wanted….follow price with the fib to get the adjusted short zone for the week.
If we break the 75% fib for some reason to the upside then re look at last weeks high at 0.6548 and some EMA`S between 0.6615 and 0.6683 for shorts to set up from as the main trend is still short.
……………………………………………………………
3) NZD/CAD on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 31 pips lower than last week’s opening – so we DIDNT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Currently I have a short zone between 0.7762 and 0.7824
Levels to keep an eye on: 0.7762 and 0.7793 and 0.7824
Target: WS1 at 0.7630 and WS2 at 0.7562
Counter longs from the WS1 at 0.7630 and WS2 at 0.7562
Target: WPV at 0.7758
Notes:
We didnt close the wanted min 50 pips lower than last week – However we had a nice drop so far today so I will fib the 4 hour for the short zone this week
If price makes a lower low without the correction we wanted….follow price with the fib to get the adjusted short zone for the week.
If we break the 75% fib for some reason to the upside then re look at last weeks high at 0.7885 and some EMA`S between 0.7885 and 0.7928 for shorts to set up from as the main trend is still short.
……………………………………………………………
4) Euro/Dollar on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 32 pips lower than last week’s opening – so we DIDNT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Currently I have a short zone between 0.9840 and 0.9920
Levels to keep an eye on: 0.9840 and 0.9880 and 0.9920
Target: WS1 at 0.9644 and WS2 at 0.9548
Counter longs from the WS1 at 0.9644 and WS2 at 0.9548
Target: WPV at 0.9822
Notes:
We didnt close the wanted min 50 pips lower than last week – However we had a nice drop so far today so I will fib the 4 hour for the short zone this week
If price makes a lower low without the correction we wanted….follow price with the fib to get the adjusted short zone for the week.
If we break the 75% fib for some reason to the upside then re look at last weeks high at and some EMA`S at 0.9999 for shorts to set up from as the main trend is still short.
……………………………………………………………
5) GBP/Dollar on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 60 pips lower than last week’s opening – so we did meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Currently I have a short zone between 1.1253 and 1.1372
Levels to keep an eye on: 1.1253 and 1.1312 and 1.1372
Target: WS1 at 1.0932 and WS2 at 1.0773
Counter longs from the WS1 at 1.0932 and WS2 at 1.0773
Target: WPV at 1.1214
Notes:
If price makes a lower low without the correction we wanted….follow price with the fib to get the adjusted short zone for the week.
If we break the 75% fib for some reason to the upside then re look at last weeks high at 1.1490 for shorts to set up from as the main trend is still short.
……………………………………………………………
6) Aussie/CHF on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed plus 26 pips higher than last week’s opening – so we DIDNT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Currently I have a short zone between 0.6375 and 0.6426
Levels to keep an eye on: 0.6376 and 0.6402 and 0.6426
Target: WS1 at 0.6256 and WS2 at 0.6181
Counter longs from the WS1 at 0.6256 and WS2 at 0.6181
Target: WPV at 0.6368
Notes:
We didnt close the wanted min 50 pips lower than last week – However we had a nice drop so far today so I will fib the 4 hour for the short zone this week
If price makes a lower low without the correction we wanted….follow price with the fib to get the adjusted short zone for the week.
If we break the 75% fib for some reason to the upside then re look at last weeks high at and some EMA`S at 0.6480 for shorts to set up from as the main trend is still short.
……………………………………………………………
Regards
Pierre
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