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……..
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Pairs that stands out for me at the moment …….
The bull pairs are………
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1) NZD/Dollar on the 4 hour:
The direction indicator is LONG on the 4 hour and SHORT on the DAILY CHART and we closed PLUS 62 pips higher than last week’s opening – so we DID`NT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Notes:
The direction indicator doesn’t meet my criteria so I cant fib the 4 hour chart for this weeks long zone……the trend is long as long as price stay above the 4 hour 200 EMA.
Look for support at the daily 55 EMA at and WS1 pivot at 0.6074 and WS2 pivot at 0.5995 and the main support at the 200 EMA and the WS3 pivot at 0.5929 for support to long again.
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2) NZD/CAD on the 4 hour:
The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 150 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 0.8168 and 0.8113
Areas to keep an eye on for support : 0.8168 and 0.8140 and 0.8113
Target: WR1 at 0.8322 and WR2 at 0.8410
Counter shorts from the WR1 at 0.8322 and WR2 at 0.8410
Target: WPV at 0.8190
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 price breaks the 75% fib to the downside then re look for support at last weeks low at 0.8058 and if that breaks at the EMA`S and WS2 pivot area for support to go long at 0.8000 down to 0.7970 areas.
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3) Euro/Dollar on the 4 hour:
The direction indicator is LONG on the 4 hour and MIXED on the DAILY CHART and we closed MIN 11 pips LOWER than last week’s opening – so we Didn’t meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Notes:
The direction indicator doesn’t meet my criteria so I cant fib the 4 hour chart for this weeks long zone……the trend is long as long price stay above the 4 hour 200 EMA.
Look for support at the WS1 pivot at 1.0235 and the WS2 pivot at 1.0148 and the main one at the 200 EMA and daily 55 EMA and the WS3 pivot at 1.0050/25 for support to long again.
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4) Aussie/Dollar on the 4 hour:
The direction indicator is LONG on the 4 hour and SHORT on the DAILY CHART and we closed MIN 30 pips LOWER than last week’s opening – so we Didn’t meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Notes:
The direction indicator doesn’t meet my criteria so I cant fib the 4 hour chart for this weeks long zone……the trend is long as long as price stay above the 4 hour 200 EMA.
Look for support at the daily 55 EMA at 0.6567 and WS2 pivot and the 200 EMA at 0.6532 for support to long again.
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Pairs that stands out for me at the moment …….
The bear pairs are……..
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1) Dollar/JPY on the 4 hour:
The direction indicator is SHORT on the 4 hour and LONG on the DAILY CHART and we closed PLUS 122 pips HIGHER than last week’s opening – so we Didn’t meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Notes:
The direction indicator doesn’t meet my criteria so I cant fib the 4 hour chart for this weeks short zone……the trend is short as long as price stay under the 4 hour 200 EMA.
Look for resistance at the WR2 pivot at 142.73 and the 55 EMA at 143.40 and the 200 EMA at 144.07 for resistance to short again.
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2) Dollar/CHF on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed PLUS 148 pips HIGHER than last week’s opening – so we Didn’t meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Notes:
The direction indicator doesn’t meet my criteria so I cant fib the 4 hour chart for this weeks short zone……the trend is short as long as price stay under the 4 hour 200 EMA.
Look for resistance at the WR1 pivot and daily 200 EMA at 0.9635 and the WR2 pivot at 0.9688 and the 4 hour 200 EMA at 0.9770 for resistance to short again.
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3) CAD/JPY on the 4 hour:
The direction indicator is SHORT on the 4 hour and LONG on the DAILY CHART and we closed PLUS 5 pips HIGHER than last week’s opening – so we Didn’t meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Notes:
The direction indicator doesn’t meet my criteria so I cant fib the 4 hour chart for this weeks short zone……the trend is short as long as price stay under the 4 hour 200 EMA.
Look for resistance at the WR1 pivot and 4 hour 55 EMA at 105.81 and the WR2 pivot and the 4 hour 200 EMA at 106.79 for resistance to short again.
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4) CAD/CHF on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed PLUS 51 pips HIGHER than last week’s opening – so we Didn’t meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.
Notes:
The direction indicator doesn’t meet my criteria so I cant fib the 4 hour chart for this weeks short zone……the trend is short as long as price stay under the 4 hour 200 EMA.
Look for resistance at the WR1 pivot and 4 hour 55 EMA at 0.7171 and the WR2 pivot at 0.7211 and the 4 hour 200 EMA and daily 55 EMA between 0.7242 and 0.7269 for resistance to short again.
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Regards
Pierre
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