Good morning everyone.
Wow wow wow !!!
What an awesome week we had so far. Loads of pairs triggered my entry areas I called on Monday and Tuesday and o boy did they give us home runs !!
WE HAD A 1000 PIPS ON THE TABLE SO FAR THIS WEEK……………….
and the best part of it all is that we still have 3 days of trading left for the week.
Did you miss the moves?
Let’s have a look:
1) Euro/ Dollar on 4 hour chart:
Our counter short from the WR1 pivot and psychological level at 1.0900 is now at the profit take area in our Earth and Sky long zone giving us almost 100 pips. We hitting key support as we are now at the 200 and 55 EMA`S at 1.0792. We need solid support here before we can look for longs again.
2) Euro/JPY on the 4 hour chart:
Price found resistance at the weekly main pivot,55 EMA and 38.2 fib this week twice. Current 4 hour candle is dropping so if you in a short profit take at 119.80 and then 119.33…….this one gave so far 60 odd pips.
3) Euro/GBP on the daily chart:
Here we found support at the 200 and 55 EMA`S at 0.8620 where after we had a nice bullish move that gave almost 100 pips. Be careful now if you still in a long. The negative correlated GBP/Dollar is at a key support level. If it jumps from here then this pair can pullback
4) GBP/Dollar on the 4hour chart:
Our counter short from the WR1 pivot and psychological level at 1.2600 is now at the profit take area in our Earth and Sky long zone giving us almost 200 pips. We hitting key support as we are now at the 200 and 55 EMA`S and a WS1 pivot at 1.2390. We need solid support here before we can look for longs again.
5) GBP/JPY on the 4 hour chart:
Our Earth and Sky short from the 50% fib and 55 EMA reached our profit take this morning at last week’s low giving us a 130 odd pips. My thinking is there is still room to the downside and I will only re look to counter long from the WS1 pivot at 137.25.
6) Aussie Dollar on the daily chart:
Naughty boy for the week. On Tuesday it looked like the daily candle broke the support EMA`S to the downside…..but we closed once again with a bullish candle on above the support levels again so I just don’t have the feel for this pair at the moment and will leave it alone.
7) Aussie/JPY on the 4 hour chart.
Our counter long on the 4 hour chart from the DAILY 200 and psychological level at 84.00 is now at the profit take area at the 38.2 fib at 85.33 as we also have the weekly main pivot and Bollinger band here giving us 130 pips. We hitting key resistance now as we are now at the 38.2 fib and 55 EMA and weekly pivot point. We need solid resistance here before we can look for shorts again.
8) Dollar/JPY on the 4hour chart:
Price pulled back nicely and we are at a key resistance level as we hitting the daily 200 EMA and weekly main pivot and 4 hour 34 EMA at the 38.2 fib at 111.17. We need solid resistance here before we can look for shorts again.
9) Dollar/CAD on the daily chart:
Price found support at that 38.2 fib at 1.3322 and gave 80 odd pips till now. That 38.2 fib will still stay key support on this pair. If it breaks for some reason then I will re look to long from the roadblock at 1.3236 where the daily 200 EMA is camping out.
10) USD Index on the 4 hour chart:
Our counter long on the 4 hour chart from the WS1 pivot and psychological level at 99.00 is now at the second profit take area at the 55 EMA in our Earth and Sky short zone at 99.90 giving us 100 pips. We hitting key resistance now at this 55 EMA. We need solid resistance here before we can look for shorts again.
HAPPY PIPPING FRIENDS !!!
Pierre
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.
