The Joy Of Living In A Third World Country!

by | Jun 28, 2017 | Forex Analysis

Hi everyone.

Marc just dropped me a note telling me that he is having a problems with the internet on the Island and can’t manage to upload his midweek update to the FMP site.

Problem for me too as I had some maintenance scheduled on my lines for today after yet another gail force wind hit our town…..so I had to wait for them to finish the job this morning.

Unfortunately a little later than usual ……but never fear with Forex Mentor Pro that’s near……here is my MID WEEK update for the Earth and Sky.

They joy`s of working in the remote parts of the world…..You just have to love it !!

PS…..Marc gave US some homework.

He said that loads of trades triggered on the one hour system and we need to have a look and see if we can spot them……he will show us later in the webinar the ones that did trigger and why they were good setups.

Let’s have a look at some updates:  

1) Euro Dollar on the DAILY chart:

We made highs this week so we had to follow it with the fib to get the adjusted zone for the week.

Currently I have an Earth and Sky long zone between 1.1115 and 1.0977 with areas to keep an eye on at the 38.2 fib at 1.1194 and 1.1142 and 1.1118 as we have the monthly main pivot here, plus a 4 hour 200 EMA and if that breaks look at the 55 EMA at 1.1098 support areas where after I will re look to long this pair again.

If the 55 EMA breaks to the downside, be careful as we can then drop to visit the MS1 pivot and daily 200 EMA at 1.0965 where I will re look to long.

Possible counter shorts at 1.1396 as this is the MR1 pivot !!

If we make new highs here follow price with your fib to get the adjusted trading zone for the week.

1 9

and negative correlated Dollar/CHF on daily chart: 

1 14

……………………………………………………………….

2) Euro JPY on the 4 hour and DAILY  chart:

We made highs this week so we had to follow it with the fib to get the adjusted zone for the week.

Currently I have an Earth and Sky long zone between 125.75 and 124.69 with areas to keep an eye on at the 55 EMA at 124.96 and the WS1 pivot support areas where after I will re look to long this pair again.

If we make new highs here follow price with your fib to get the adjusted trading zone for the week.

……………………………………………………………….

3) Euro GBP on the DAILY chart :

MAIN TREND IS STILL LONG.

However…..The triangle broke to the upside but be careful now with longs. I will look for possible counter trades from the MR1 pivot at 0.8858 and 0.8925 and the MR2 pivot at 0.8989

1 13

……………………………………………………………….

 4) GBP Dollar on the 4 hour chart:

Price broke to the upside….Sitting on my hands for now.

Keep an eye on the WR1 pivot at 1.2849 as a resistance area but keep in mind we have loads of EMA`S to the downside that can form support if you get a counter trade.

……………………………………………………………….

5) GBP JPY on the 4 hour chart:

Sitting on my hands for now.

Keep an eye on the WR2 pivot at 144.08 as a resistance area but keep in mind we have loads of EMA`S to the downside that can form support if you get a counter trade.

This one however have more room to the downside before we hit support than the correlated GBP/Dollar pair.

………………………………………………………………

6) Aussie Dollar on the DAILY chart:

Last week we closed min 47 pips lower than the opening but the main trend is up. That is why I had to fib the daily chart for the long zone.

Currently I have an Earth and Sky long zone between 0.7482 and 0.7406 with areas to keep an eye on at the 38.2 fib at 0.7518 areas where after I will re look to long this pair again.

Possible counter shorts at 0.7635 and 0.7664 levels

………………………………………………………………

7) Aussie JPY on the DAILY chart:

This one made new highs so we had to follow it with the fib to get the adjusted zone.

Currently I have an Earth and Sky long zone between 83.65 and 82.72 with areas to keep an eye on at the cluster EMA`S at 84.27/09 and 83.59 areas where after I will re look to long this pair again.

Possible counter shorts at 85.08 and 85.63 levels

1 12

………………………………………………………………

8) Dollar JPY on the DAILY chart:

Sitting on my hands. This one is just camping out at the cluster EMA`S at 111.12. If we look at the Dollar Index then the bias is still to look for shorts……so this one can follow….BUT then we first need to close under the cluster EMA`S followed by a M2 set up for a short.

………………………………………………………………

9) Dollar CAD on the 4 hour chart:

This one made new lows so we had to follow it with the fib to get the adjusted zone.

Currently I have an Earth and Sky short zone between 1.3222 and 1.3283 with areas to keep an eye on at the WS1 pivot at 1.3181 and 1.3247 as we also have the 55 there – I will re look to short from here.

Possible counter longs at 1.3064 and 1.3024 area.

If we make new lows here follow price with your fib to get the adjusted trading zone for the week.

1 11

………………………………………………………………

10) Dollar Index on the Daily chart :

This one made new lows so we had to follow it with the fib to get the adjusted zone.

Currently I have an Earth and Sky short zone between 98.00 and 98.94  with areas to keep an eye on at the 97.56 (38.2 fib and the 4 hour 200 EMA and monthly main pivot slightly higher) and 97.86 resistance areas where after I will re look to short this index again.

Possible counter longs at 95.87.

1 10

………………………………………………………………

Regards

Pierre

If you would like to learn how to trade like a professional AND receive detailed daily analysis BEFORE the event then check out our 5* rated forex mentor program, RISK FREE; by clicking on the “Get Started Today” Button below

Trade Plan

Related posts:

Fugly trump 400x250 1Its A Boy!! winning forex tradesEarth and Sky Analysis: 27 June 2017 bigstock 142656134 1Friday Spaghetti with Pierre!!! Can't Win Them AllAnalysis: Can’t Win Them All…

None of the Forex Mentor Pro team nor its owners (expressly including but not limited to Marc Walton), officers, directors, employees, subsidiaries, affiliates, licensors, service providers, content providers and agents (all collectively hereinafter referred to as “Forex Mentor Pro ”) are financial advisers and nothing contained herein is intended to be or to be construed as financial advice

Forex Mentor Pro is not an investment advisory service, is not an investment adviser, and does not provide personalized financial advice or act as a financial advisor.

Forex Mentor Pro exists for educational purposes only, and the materials and information contained herein are for general informational purposes only. None of the information provided in the website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The information on the website should not be relied upon for purposes of transacting securities or other investments.

You hereby understand and agree that Forex Mentor Pro, does not offer or provide tax, legal or investment advice and that you are responsible for consulting tax, legal, or financial professionals before acting on any information provided herein. “This report is not intended as a promotion of any particular products or investments and neither Forex Mentor Pro group nor any of its officers, directors, employees or representatives, in any way recommends or endorses any company, product, investment or opportunity which may be discussed herein.

The education and information presented herein is intended for a general audience and does not purport to be, nor should it be construed as, specific advice tailored to any individual. You are encouraged to discuss any opportunities with your attorney, accountant, financial professional or other advisor.

Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties of any kind, either expressed or implied. Forex Mentor Pro disclaims all warranties, including, but not limited to, any implied warranties of merchantability, fitness for a particular purpose, title, or non-infringement. Forex Mentor Pro does not promise or guarantee any income or particular result from your use of the information contained herein. Forex Mentor Pro.com assumes no liability or responsibility for errors or omissions in the information contained herein.

Under no circumstances will Forex Mentor Pro be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content contained herein. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.

Marc Walton, owner of Forex Mentor Pro, communicates content and editorials on this site. Statements regarding his, or other contributors’ “commitment” to share their personal investing strategies should not be construed or interpreted to require the disclosure of investments and strategies that are personal in nature, part of their estate or tax planning or immaterial to the scope and nature of the Forex Mentor Pro philosophy.

All reasonable care has been taken that information published on Forex Mentor Pro website is correct at the time of publishing. However, Forex Mentor Pro does not guarantee the accuracy of the information published on its website nor can it be held responsible for any errors or omissions.