Hi everyone.

Whats on my radar for the week……?

The top bull and bear pairs currently using the strength indicator on the 4 hour chart are……..

Some pairs are a bit messy and my direction indicator mixed between the daily and 4 hour time frames……..so they are a no go for me. 

Pairs that stands out for me at the moment are…….

 

 

 

The bull pairs: 

………………………………………………

1) NZD/JPY on the 4 hour:

The direction indicator is LONG on the 4 hour and and on the DAILY CHART and we closed PLUS 60 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 85.31 and 84.71

Areas to keep an eye on for support : 85.31 and 85.01 and 84.71

Target: WR1 at 86.53 and WR2 at 87.38

Counter shorts from the WR1 at 86.53 and WR2 at 87.38

Target: WPV at 85.34

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 84.27 and 84.00 for support to long from as the main trend is still long.

………………………………………………

2) GBP/JPY on the 4 hour:

The direction indicator is LONG on the 4 hour and and on the DAILY CHART and we closed PLUS 311 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 168.76 and 167.11

Areas to keep an eye on for support : 168.76 and 167.94 and 167.11

Target: WR1 at 173.27 and WR2 at 175.27

Counter shorts from the WR1 at 173.27 and WR2 at 175.27

Target: WPV at 169.36

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 165.56 and 164.73 for support to long from as the main trend is still long.

………………………………………………

3) 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 133 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 145.74 and 144.73

Areas to keep an eye on for support : 145.74 and 145.23 and 144.75

Target: WR1 at 148.55 and WR2 at 150.14

Counter shorts from the WR1 at 148.55 and WR2 at 150.14

Target: WPV at 146.14

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 143.97 and 143.72 for support to long from as the main trend is still long.

………………………………………………

4) GBP/Aussie on the 4 hour:

The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 302 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 1.7937 and 1.7843

Areas to keep an eye on for support : 1.7937 and 1.7890 and 1.7843

Target: WR1 at 1.8237 and WR2 at 1.8371

Counter shorts from the WR1 at 1.8237 and WR2 at 1.8371

Target: WPV at 1.7993

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 1.7748 and some EMA`s between 1.7650 and 1.7590 for support to long from as the main trend is still long.

…………………………………………………………

 

 

 

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

……………………………………………………………

1) Aussie/NZD on the 4 hour:

The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 55 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 1.1083 and 1.1129

Levels to keep an eye on: 1.1083 and 1.1106 and 1.1129

Target: WS1 at 1.0969  and WS2 at 1.0906

Counter longs from the WS1 at 1.0969  and WS2 at 1.0906

Target: WPV at 1.1072

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  at 1.1175 for shorts to set up from as the main trend is still short.

Regards

Pierre