Hi everyone
Looking at my charts then it doesnt look to bad at all……..
Lets see………
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 215 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 1.1602 and 1.1682
Areas to keep an eye on: 1.1602 and 1.1642 and 1.1682
Target: WS1 at 1.1417 and WS2 at 1.1324
Counter longs from the WS1 at 1.1417 and WS2 at 1.1324
Target: WPV at 1.1589
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 1.1762 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 9 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 0.9978 and 1.0028
Areas to keep an eye on: 0.9978 and 1.0003 and 1.0028
Target: WS1 at 0.9885 and WS2 at 0.9814
Counter longs from the WS1 at 0.9885 and WS2 at 0.9814
Target: WPV at 0.9982
Notes:
We only closed min 9 pips lower than the opening last week…however we opened with a big GAP to the downside so I am happy to fib the 4 hour chart for a short zone.
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 1.0079 and the EMA`s at 1.0111 for resistance to short from as the main trend is still short.
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3) 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 171 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 1.5118 and 1.5241
Areas to keep an eye on: 1.5180 and 1.5210 and 1.5241
Target: WS1 at 1.5041 and WS2 at 1.4974
Counter longs from the WS1 at 1.5041 and WS2 at 1.4974
Target: WPV at 1.5172
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 1.5302 for resistance to short from as the main trend is still short.
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4) Aussie/Dollar on the 4 hour:
The direction indicator is SHORT on the 4 hour and short on the DAILY CHART and we closed MIN 73 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 0.6863 and 0.6909
Areas to keep an eye on: 0.6863 and 0.6886 and 0.6909
Target: WS1 at 0.6734 and WS2 at 0.6660
Counter longs from the WS1 at 0.6734 and WS2 at 0.6660
Target: WPV at 0.6845
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 0.6939 and 0.6955 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 257 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 139.16 and 138.35
Areas to keep an eye on: 139.16 and 138.75 and 138.35
Target: WR1 at 141.48 and WR2 at 142.77
Counter longs from the WR1 at 141.48 and WR2 at 142.77
Target: WPV at 139.51
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 137.53 for support to long from as the main trend is still long.
……………………………………………………………
2) 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 126 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 106.32 AND 105.90
Areas to keep an eye on: 106.32 and 106.11 and 105.90
Target: WR1 at 107.49 and WR2 at 108.18
Counter longs from the WR1 at 107.49 and WR2 at 108.18
Target: WPV at 106.49
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 EMA`s between 105.48 and 105.27 for support to long from as the main trend is still long.
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3) NZD/JPY on the 4 hour:
The direction indicator is LONG on the 4 hour and LONG on the DAILY CHART and we closed PLUS 139 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 85.14 AND 84.70
Areas to keep an eye on: 85.14 and 84.92 and 84.70
Target: WR1 at 86.39 and WR2 at 87.10
Counter longs from the WR1 at 86.39 and WR2 at 87.10
Target: WPV at 85.32
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.
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Regards
Pierre
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