Earth and Sky zones for the week ahead

Written by Ashley DeSousa

August 23, 2022

Hi everyone

Hope you all well and healthy.

Last week we had a fantastic week with the Earth and Sky trading zones – lets see if we can do the same this week………

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The top bull and bear pairs using the strength indicator on the 4 hour chart this week will be……..

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The bear pairs to keep an eye on will be…….

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1) GBP/USD on the 4 hour:

The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 301 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 1.1943 and 1.2044

Areas to keep an eye on: 1.1950 and 1.1992 and 1.2047

Target: WS1 at 1.1699 and WS2 at 1.1567

Counter longs from the WS1 at 1.1699 and WS2 at 1.1567

Target: WPV at 1.1924

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 the EMA`s between 1.2100 and 1.2158 for resistance to short from as the main trend is still short.

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2) Euro/USD on the 4 hour:

The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 207 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 1.0100 and 1.0184

Areas to keep an eye on: 1.0100 and 1.0142 and 1.0184

Target: WS1 at 0.9960 and WS2 at 0.9878

Counter longs from the WS1 at 0.9960 and WS2 at 0.9878

Target: WPV at 1.0114

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 the EMA`s between 1.0214 and 1.0296 for resistance to short from as the main trend is still short.

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3) GBP/CHF on the 4 hour:

The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 80 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 1.1412 and 1.1470

Areas to keep an eye on: 1.1412 and 1.1441 and 1.1470

Target: WS1 at 1.1255 and WS2 at 1.1169

Counter longs from the WS1 at 1.1255 and WS2 at 1.1169

Target: WPV at 1.1391

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 the EMA`s between 1.1527 and 1.1579 for resistance to short from as the main trend is still short.

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4) NZD/USD on the 4 hour:

The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 266 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 0.6306 and 0.6381

Areas to keep an eye on: 0.6306 and 0.6343 and 0.6381

Target: WS1 at 0.6074 and WS2 at 0.5975

Counter longs from the WS1 at 0.6074 and WS2 at 0.5975

Target: WPV at 0.6265

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 the EMA`s at 0.6459 for resistance to short from as the main trend is still short.

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5) 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 239 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 0.6991 and 0.7057

Areas to keep an eye on: the EMA`S at 0.6956 and 0.6972 areas…..and 0.6991

Target: WS1 at 0.6779 and WS2 at 0.6686

Counter longs from the WS1 at 0.6779 and WS2 at 0.6686

Target: WPV at 0.6952

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 the EMA`s at 0.7125 for resistance to short from as the main trend is still short.

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6) GBP/CAD on the 4 hour:

The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 125 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 1.5480 and 1.5570

Areas to keep an eye on: the EMA`S at 1.5480 and 1.5521 and 1.5570

Target: WS1 at 1.5252 and WS2 at 1.5139

Counter longs from the WS1 at 1.5252 and WS2 at 1.5139

Target: WPV at 1.5449

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 the EMA`s at 1.5644 for resistance to short from as the main trend is still short.

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The bull pairs to keep an eye on will be……

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1) USD/JPY on the 4 hour:

The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 347 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 135.11 and 133.84

Areas to keep an eye on: 135.11 and 134.47 and 133.84

Target: WR1 at 138.54 and WR2 at 140.22

Counter longs from the WR1 at 138.54 and WR2 at 140.22

Target: WPV at 135.55

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 at 132.57 for support to long from as the main trend is still long.

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2) USD/CAD on the 4 hour:

The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 223 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 1.2907 and 1.2837

Areas to keep an eye on: 1.2907 and 1.2872 and 1.2837

Target: WR1 at 1.3078 and WR2 at 1.3165

Counter longs from the WR1 at 1.3078 and WR2 at 1.3165

Target: WPV at 1.2922

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 at and EMA`S at 1.2769 for support to long from as the main trend is still long.

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3) CHF/JPY on the 4 hour:

The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 103 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 141.90 and 141.19

Areas to keep an eye on: 141.90 and 141.54 and 141.19

Target: WR1 at 143.84 and WR2 at 144.98

Counter longs from the WR1 at 143.84 and WR2 at 144.98

Target: WPV at 142.17

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 at and EMA`S at 140.48 for support to long from as the main trend is still long.

 

Regards

Pierre

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