Hi everyone.

Whats on my radar for the week……?

Loads of triangles ATM on the 4 hour charts so be careful – I will re look tonight if we had more movement and add to my analysis but for now……

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

 

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

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1) NZD/JPY on the 4 hour:

The direction indicator is LONG on the 4 hour and MIXED on the DAILY CHART and we closed PLUS 228 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 54.51 AND 83.52

Areas to keep an eye on for support : 84.51 AND 84.01 AND 83.52

Target: WR1 at 88.81 and WR2 at 88.64

Counter shorts from the WR1 at 88.81 and WR2 at 88.64

Target: WPV at 84.04

Notes:

The direction indi is mixed on the daily chart and long on the 4 hour….i will give the 4 hour chart a go with a long zone this week….my bias is long BUT price needs to stay above the 200 EMA and last weekls low at 82.54.

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 82.95 AND 82.54 for support to long from as the main trend is still long.

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2) GBP/JPY on the 4 hour:

Notes:

Direction long on the 4 hour and daily chart BUT we closed min 10 pips lower than last week………….leaving it alone as we might be in a triangle and MY FEELING IS WE CAN BREAK TO THE DOWNSIDE  so first support roadblock will be at 164.43 and 163.79 and if that breaks to the downside for some reason we can drop all the way to the daily 200 EMA at 161.06

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3) CAD/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 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 108.63 and 107.72 .

Areas to keep an eye on for support : 108.63 and 108.21 and 107.77

Target: WR1 at 109.97  and WR2 at 111.88

Counter shorts from the WR1 at 109.97  and WR2 at 111.88

Target: WPV at 108.44

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 144.00 and some EMA`s between 107.03 and 106.49 for support to long from as the main trend is still long.

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4) Euro/JPY on the 4 hour:

The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 111 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 146.22 AND 145.13

Areas to keep an eye on for support : 146.22 AND 145.68 AND 145.13

Target: WR1 at 148.40 and WR2 at 150.31

Counter shorts from the WR1 at 148.40 and WR2 at 150.31

Target: WPV at 146.00

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 144.00 and some EMA`s between 143.04 and 142.00 for support to long from as the main trend is still long.

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Regards

Pierre