Trade Ideas: Earth & Sky Forex Trading System..

by | Jun 10, 2020 | Forex Analysis

Hi everyone. Here is a copy of part of Pierres’ analysis for the week ahead for members following his Earth & Sky forex trading system

What’s up or down this week ?

Let’s have a look…….

Loads of pairs last week didn’t give the corrections we wanted and some just kept on going bullish and others bearish…..this week ALL the pairs I look at for FMP have good looking Earth and Sky zones to keep an eye on.

Remember once we had BIG MOVES like last week the sometimes we don’t get the correction to the Earth and Sky zones as they are too far out – however the 38.2 fib areas can play a key role here so take note of the pairs…..

  • Dollar/CAD
  • Aussie/Dollar
  • Aussie/JPY
  • GBP/JPY
  • GBP/Dollar

…………………………………………………………….

Looking at my charts…….then the pairs with the cleaner Earth and Sky zones for the week will have to be the…..

  • Euro/Dollar
  • Euro/JPY
  • Euro/GBP
  • GBP/Dollar
  • GBP/JPY
  • Aussie/Dollar
  • Aussie/JPY
  • Dollar/JPY but be careful
  • Dollar/CAD
  • Dollar/CHF

ALL THE PAIRS I LOOK AT FOR FMP…..FIRST TIME I HAVE SEEN THIS IN A VERY LONG TIME.

…………………………………………………………….

 

Possible counter shorts to keep an eye on…..

  • GBP/Dollar
  • Euro/JPY
  • Aussie/Dollar

………………………………………………….

What’s cooking in the Forex kitchen this evening?

…………………………………………………………….

1) Euro Dollar on the 4 HOUR chart:

Direction Indicator: Long on both time frames and we closed plus 176 pips higher than the opening –  so we can fib the 4 hour for this week’s long zone.

Currently, I have an Earth and Sky long zone between 1.1237 and 1.1163 with support areas to keep an eye on the 1.1237 and 1.1200 and 1.1176 areas.

I will re-look to long this pair if we find confirmation to long from any of the above levels.

Possible counter shorts at 1.1415 resistance areas.

Notes:

The 38.2 fib can give support however I will prefer a deeper correction in to the long zone this week.

If we break the 55 EMA at 1.1176 for some reason then I also have a plan b and plan c area to keep an eye on as we have loads of support there too. Take note of the chart.

1

……………..………………………………………

2) Euro JPY on the 4 HOUR chart:

Direction Indicator: Long on both time frames and we closed plus 389 pips higher than the opening –  so we can fib the 4 hour for this week’s long zone.

Currently, I have an Earth and Sky long zone between 121.91 and 120.65 with support areas to keep an eye on the 121.91 and 121.32 and 120.65 areas.

I will re-look to long this pair if we find confirmation to long from any of the above levels.

Possible counter shorts at 124.42 and 125.63 areas.

Notes:

The 38.2 fib can give support however I will prefer a deeper correction into the long zone this week.

If we break the 75% fib and WS1 pivot at 120.62 pivots for some reason then I also have a plan b and plan c area to keep an eye on as we have loads of support there too. Take note of the chart.

2

……………………………………………………….

3) Euro GBP on the DAILY chart :

Direction Indicator: Mixed on 4 HOUR time frame and long on the daily but we closed min 98 pips lower than the opening last week – so we can’t fib the 4 hour and have to fib the daily chart for the long zone.  

Currently, I have an Earth and Sky long zone between 0.8872 and 0.8781 with support areas to keep an eye on the 0.8872 and 0.8843 areas.

I will re-look to long this pair if we find confirmation to long from any of the above levels.

Possible counter shorts at 0.9054 and 0.9131 areas.

Notes:

If we break the 62.5 fib at 0.8829 for some reason then I will re-look for support at the MS1 pivot and 200 EMA at 0.8767 area to go long again.

3

……………………………………………………………

4) GBP Dollar on the 4 HOUR chart:

Direction Indicator: Long on both time frames and we closed plus 344 pips higher than the opening –  so we can fib the 4 hour for this week’s long zone.

Currently, I have an Earth and Sky long zone between 1.2527 and 1.2425 with support areas to keep an eye on the 38.2 fib at 1.2575 and 1.2527 and 1.2512 and 1.2425 areas.

I will re-look to long this pair if we find confirmation to long from any of the above levels.

Possible counter shorts at 1.2731 and 1.2824 areas.

Notes:

If we make new higher highs follow price with your fib to get the adjusted long zone.

4

Members receive analysis on 10 different pairs each trading week.

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

728x90

………………………………………

Regards

Pierre

Earth & Sky forex trading system

Related posts:

Pierres QuickieEarth & Sky Trading System Update 25Pierres Earth & Sky Monday Morning Analysis, 20th March 400x250This Weeks Earth & Sky Forex Trading Plan join the club 2018 10 13 13 15 29 UTCComprehensive Earth and Sky Forex Trading analysis

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.