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Good morning everyone

What`s up…….and what`s down this morning?

Well by the looks of it we might have some trades that can set up before we hit the Christmas holiday period.

Now how cool will that be to get a home run before the 25th ???

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Let’s have a quick look under the tree: 

1) Euro Index on the Daily chart:

Currently I have an Earth and Sky short zone on this index between 100.42 and 101.55……..with a roadblock at the 38.2 fib at 99.88 where we have loads of EMA`S plus a monthly main pivot at 100.31.

Possible roadblock at the 4 hour 55 EMA at 99.26 too this week but I will prefer a bigger pullback to above mentioned levels.

Possible counter trade roadblock at the MS1 pivot at 97.96

I will be looking for confirmation on the smaller time frames to short from these levels.

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2) Euro Dollar on the Daily chart:

Currently I have an Earth and Sky short zone on this pair between 1.0833 and 1.1066……..with a roadblock at the 38.2 fib at 1.0722 and main pivot at 1.0801 where we have loads of EMA`S.

We also have a 4 hour 55 EMA at 1.0528 where we might have a problem….but I will prefer a bigger pullback.

Possible counter trade roadblock at the MS1 pivot at 1.0302 level.

I will be looking for confirmation on the  smaller time frames to short from these levels.

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3) Euro JPY on the DAILY chart:

Yesterday price broke to the downside and took out our original Earth and Sky long zone on the 4 hour chart we had between 122.79 and 122.14 without giving any confirmation to long.

Because of this we have to go now to the Daily chart and fib that to get the new zone.

Currently I have an Earth and Sky long zone on this pair between 118.87 and 116.26……..with a roadblock at the 38.2 fib at 120.10 and a roadblock at the 50% fib at 119.00 levels.

Possible counter trade roadblock at the MR1 pivot at 124.09.

I will be looking for confirmation on the  smaller time frames to short from these levels.

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4) Euro GBP on the Daily chart:

Currently I have an Earth and Sky short zone on this pair between 0.8679 and 0.8866……..with a roadblock at the 38.2 fib at 0.8534/90 where we have loads of EMA`S.

We also have a roadblock at 0.8405 where we have a daily 200 EMA and 4 hour 55 EMA but I will prefer a bigger pullback to above mentioned levels.

Possible counter trade roadblock at the MS1 pivot at 0.8261.

I will be looking for confirmation on the smaller time frames to short from these levels.

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5) GBP Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone on this pair between 1.2553 and 1.2638…….with a roadblock at the weekly main pivot at 1.2536 where we also have loads of EMA`S.

Possible counter trade roadblock at the WS1 pivot at 1.2347

I will be looking for confirmation on the smaller time frames to short from these levels.

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6) GBP JPY on the Daily chart:

Yesterday price broke to the downside and took out our original Earth and Sky long zone on the 4 hour chart we had between 146.69 and 145.80 without giving any confirmation to long.

Because of this we have to go now to the Daily chart and fib that to get the new zone.

Currently I have an Earth and Sky long zone on this pair between 137.47 and 131.98……..with a roadblock at the 38.2 fib at 141.82 to 139.30 and a roadblock at the 137.47 levels.

Possible counter trade roadblock at the MR1 pivot at 149.32

I will be looking for confirmation on the  smaller time frames to short from these levels.

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7) Aussie Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone on this pair between 0.7382 and 0.7453…….with a roadblock at the 3.2 fib and weekly main pivot at 0.7360 and at the 50% fib at 0.7378.

If we make new lows without the pullback we want…..follow price with your fib to get the adjusted zone for the week.

Possible counter trade roadblock at the WS1 pivot at 0.7195

I will be looking for confirmation on the smaller time frames to short from these levels.

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8) Aussie JPY on the Daily chart:

Last week we close min 7 pips from the opening of last week so we can’t fib the 4 hour to get an Earth and Sky zone….so we have to fib the daily chart.

Currently I have an Earth and Sky long zone on this pair between 82.16 and 79.47…….with a roadblock at the monthly main pivot at 82.11 and the 200 EMA at 81.02

However…..we also have a roadblock at the 38.2 fib at 83.79/42 where we can find support this week.

Possible counter trade roadblock at 87.43

I will be looking for confirmation on the smaller time frames to short from these levels.

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9) Dollar JPY on the 4 hour chart:

Currently I have an Earth and Sky long zone on this pair between 116.69 and 115.70……with a roadblock at the 55 EMA at 116.22

If we for some reason do break to the downside then I will re look at the WS1 pivot at 115.44 and last week’s low at 114.72 for solid support before I will re look to long.

Possible counter trade roadblock at the WR1 pivot at 119.36

I will be looking for confirmation on the smaller time frames to short from these levels.

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10) Dollar CAD on the 4 hour chart:

Last week we broke loads of strong EMA`S to the upside and yesterday we sat just above the 200 and 55 EMA`s at 1.3312 that later on gave a M2 long setup.

I will be keeping an eye on the WR1 pivot at 1.3481 for solid resistance and then a short set up.

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11) Dollar Index on the Daily chart:

Currently I have an Earth and Sky long zone on this pair between 99.70 and 97.79 with possible longs from the 50% fib at 99.70.

However…..we also have a roadblock at the 38.2 fib at 100.60 where we can find support this week.

Possible counter trade roadblock at 103.81

I will be looking for confirmation on the smaller time frames to long from these levels.

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Well that’s that……………….

See you all on Friday with our last catch up before we go into no trading mode.

Regards

Pierre

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