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

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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.

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Possible counter shorts to keep an eye on…..

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

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What’s cooking in the Forex kitchen this evening?

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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.

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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.

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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.

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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.

Members receive analysis on 10 different pairs each trading week.

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Regards

Pierre

Earth & Sky forex trading system