Good morning everyone.

I hope you all well and healthy this morning.

Cold, wet and cloudy here but we need the rain so I am not complaining !!

I do apologize for not posting on Monday and Tuesday morning. My internet providers were both down. Ever since we had those huge fires here we lost loads of infrastructure so they are working 24/7 to get water, electricity, telecommunication and mobile communication services going again so we sometimes experience downtime as they work on the big towers.

Anyway…..I am happy to say I am out of my shorts I took late last week for 189 pips so I don’t even have to trade this week as I already reached my weekly target !!

How cool is that ? 🙂

Flipping the chart this morning…..I see we had a super long Earth and Sky trade on the Aussie/NZD this week already. Did you spot it?

Main profit take will be at 1.0861 – last week’s high area.

121 1

………………………………………………………………

The Spaghetti Indicator:

The Spaghetti Indi is flat on most pairs on the 4 hour HOWEVER we can see that the Dollar currency is overbought  on the 4 hour …….on the daily chart thinks look very different – everything is either overbought or oversold today ?

4 hour: 

 12121

Daily: 

12 2

 

1) Euro Dollar on the DAILY chart:

*This one already broke the Earth and Sky long zone on the 4 hour chart to the downside this week………so I will look now at the daily chart for some areas to long from*

Currently I have an Earth and Sky long zone between 1.1611 and 1.1463 with areas to keep an eye on 1.1659 and 1.1628 and 1.1556 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.1908 and 1.2003 levels.

Notes:

Currently we under the 4 hour 55 EMA so I will prefer a bigger correction. Keep an eye on the negative correlated Dollar Index for more information.

……………………………………………………………….

2) Euro JPY on the 4 hour chart:

Notes:

The 4 hour direction indicator is mixed and long on the daily chart.

Looking at the daily we can see we already found support at the 55 EMA at 128.37 last week and we moving bullish so we missed this bus.

I will re look to short from the WR1 pivot at 130.70 and 131.35 areas as we had big roadblocks here before

……………………………………………………………….

3) Euro GBP on the 4 hour chart :

Currently I have an Earth and Sky long zone between 0.9075 and 0.9041 with areas to keep an eye on at the 38.2 fib at 0.9085 and 0.9070 and 0.9058 resistance areas where after I will re look to long this pair again.

Possible counter shorts  at 0.9138 levels.

Notes:

Keep an eye on the negative correlated GBP/Dollar……if that finds support, this one will find the resistance we want for a counter short

……………………………………………………………….

 4) GBP Dollar on the 4hour  chart:

Two ways to play this one ……main trend is up…….so possible longs from the daily 200 EMA at 1.2844

or

Currently I have an Earth and Sky short zone between 1.2956 and 1.3009 with areas to keep an eye on 1.2969 and 1.2999 resistance areas where after I will re look to short his pair again.

Notes:

Keep an eye on the daily 200 EMA at 1.2844 for support followed by a long set up……If it breaks to the downside I will be sitting on my hands

……………………………………………………………….

5) GBP JPY on the 4 hour chart:

Currently I have an Earth and Sky short zone between 143.00 and 144.74 with areas to keep an eye on at the 142.85 and 143.08 and 143.87 resistance areas where after I will re look to short this pair again.

Possible counter longs 141.26 and 140.65 support levels.

Notes:

While the WR1 pivot and 55 and 200 EMA`S at 144.11 holds my bias will be too short.

………………………………………………………………

6) Aussie Dollar on the DAILY chart:

*Last week we closed min 25 pips lower than the opening BUT the main trend is still long so that is why we have to fib the daily chart for a long zone*

Currently I have an Earth and Sky long zone between 0.7822 and 0.7700 with areas to keep an eye on at the 0.7822 and 0.7793 support areas where after I will re look to long this pair again.

Possible counter shorts at 0.8066 and 0.8187

Notes:

While the 55 EMA at 0.7793 holds my bias will be to look for longs. If it breaks I will be waiting for support at the MS1 pivot at 0.7698 and the daily 200 EMA at 0.7633 for possible long set ups to follow.

………………………………………………………………

7) Aussie JPY on the DAILY chart:

Notes:

This currently mixed on the 4 hour but still long on the daily if we look at the direction indicator.

We found support last week at last month’s low at 85.60 and we currently in a bullish move…..breaking a big road block where we have 2X 55 EMA`S and a 200 EMA to the upside.

I will not look for a MT2 long set up here……. It looks more like a head and shoulder pattern that is forming so we can break to the downside……so let’s see if it will make one.

………………………………………………………………

8) Dollar JPY on the DAILY chart:

*We already had a big correction this week that pulled back to last week’s high areas so I will stay on the daily chart to get an Earth and Sky short zone as the main trend is still short*

Currently I have an Earth and Sky short zone between 111.65 and 113.12with areas to keep an eye on at the 38.2 fib at 110.96 and 111.12 and 111.25 resistance areas where after I will re look to short this pair again.

Possible counter longs at1010.13 and 108.86 levels

Notes:

I told you last week to look for a counter long from the MS1 pivot at 108.86…..this trade pulled back nicely and we getting to profit take areas now !!

………………………………………………………………

9) Dollar CAD on the DAILY chart:

*Last week we closed plus 31 pips higher  than the opening BUT the main trend is still short so that is why we have to fib the daily chart for a short zone*

Currently I have an Earth and Sky short zone between  1.2715 and 1.2865 areas to keep an eye on at the 1.2751 and 1.2800 and 1.2826 resistance areas where after I will look to short this pair.

Possible counter longs at 1.2414 and 1.2275 levels.

Notes:

Currently in our short zone  -will be keeping my eyes on the 200 and 55 EMA within the zone to give the resistance followed by a short set up.

………………………………………………………………

10) Dollar Index on the DAILY chart :

*The 4 hour direction indicator is mixed but still short on the daily……so I will fib the daily to get a short zone as the main trend is still short *

Currently I have an Earth and Sky short zone between 94.53 and 95.52 with areas to keep an eye on at the at the 38.2 fib at 94.05 and 94.34 and 94.82 resistance areas where after I will re look to short this index again.

Possible counter longs at 92.53 and 91.65

Notes:

We hitting our first roadblock now at the 38.2 fib and monthly main pivot at 94.08 so will be looking for possible short set ups.

………………………………………………………………

Regards

Pierre

Remember to make the video clip bigger to see the levels more clearly !!!