Hi everyone. Check out my Earth & Sky Trading System Results from last week.

How is it going with your lockdown?

We in day 10 of ours here in South Africa…..and let me tell you…..I CANT STOP EATING !!!

WHY ?

I DONT KNOW !!! 

Well all I can say is after the lockdowns the gyms might be overflowing as I don’t think I am the only one digging in here…..

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Let’s have a look how we did with our analysis this week:

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1) Euro Dollar on the DAILY chart:

Direction Indicator: Long on the 4 hour BUT still short on the daily chart so we will have to fib the daily chart this week for a short zone.

Currently, I have an Earth and Sky short zone between 1.1064 and 1.1280 with support areas to keep an eye on the 1.1156 and 1.1200 and 1.1283 areas.

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

Possible counter long at 1.0840 and 1.0632

Notes:

If we break the 75% fib for some reason to the upside then I will re look for a double top at this month’s high at 1.1496 area again to short from again.

Weekend notes:

Price come into the short zone already on Monday…..found the resistance we wanted at the 1.1100 level and daily 200 EMA and dropped from there giving us a move over 300 pips again.

Earth & Sky Trading System Results

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2) Euro JPY on the 4 hour chart:

Notes:

Leaving this pair alone for now.

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3) Euro GBP on the DAILY chart :

Direction Indicator: The direction indicator is mixed on the 4 hour chart BUT still long on the daily chart so we will have to fib the daily chart for the long zone this week.  

Currently, I have an Earth and Sky long zone between 0.8890 and 0.8585 with support areas to keep an eye on the 0.8869 and 0.8736 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 0.9248 and 0.9499 resistance areas.

Notes:

Keep our eyes on the 2 x 200 EMA`s and 55 EMA`s in the long zone to give support this week.

Weekend notes:

Price dropped into our preferred long zone but no confirmation to long this pair yet…..currently sitting at a key support level at the daily 55 and daily 200 EMA that can be seen as big support levels in our long zone.

Earth & Sky Trading System Results

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4) GBP Dollar on the DAILY chart:

Direction Indicator: The direction indicator is mixed on the 4 hour chart BUT still short on the daily chart so we will have to fib the daily chart for the short zone this week.  

Currently, I have an Earth and Sky short zone between 1.2304 and 1.2751 with resistance areas to keep an eye on the 1.2449 and 1.2630 and 1.2751 areas.

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

Possible counter longs at 1.1774 and 1.1409 support areas.

Notes:

Keep our eyes on the 2 x 200 EMA`s and 55 EMA`s in the long zone to give resistance this week.

Weekend notes:

Price gave the correction we wanted….found resistance in our short zone at the 4 hour 200 EMA at 1.2435 area and then for 4 days we went sideways…..it was only on Friday that we had a bigger bearish move giving us over 200 pips.

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5) GBP JPY on the 4 hour chart:

Direction Indicator: The direction indicator is mixed on the 4 hour chart BUT still short on the daily chart so we will have to fib the daily chart for the short zone this week.  

Currently, I have an Earth and Sky short zone between 134.26 and 139.59 with resistance areas to keep an eye on the 135.17 and 136.00 and 137.00 areas.

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

Possible counter longs at 124.80 and 123.59 support areas.

Notes:

Keep our eyes on the 2 x 200 EMA`s and 55 EMA`s in the long zone to give resistance this week.

Weekend notes:

Price gave the correction we wanted….found resistance in our short zone at the 4 hour 200 EMA at 134.77 area and then for 5days we went sideways…..ranging between the 200 EMA and the 55 EMA in a band of 200 pips.

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6) Aussie Dollar on the DAILY chart:

Direction Indicator: Short on both time frames HOWEVER last week we closed plus 367 pips higher than the opening so we can’t fib the 4 hour and have to fib the daily chart for the short zone.  

Currently, I have an Earth and Sky short zone between 0.6141 and 0.6457 with resistance areas to keep an eye on the 0.6231 and 0.6304 and 0.6368 and 0.6435 areas.

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

Possible counter long at 0.5842 and 0.5520 support areas.

Notes:

Keep an eye on the 200 and 55 EMAs in the zone to give resistance this week.

Weekend notes:

Price gave the correction we wanted….found resistance in our short zone at the 0.6200 level and dropped back over 200 pips again.

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7) Aussie JPY on the DAILY chart:

Direction Indicator: Mixed on the 4 hour…but still short on the daily chart so we will have to fib the daily chart for a short zone.   

Currently, I have an Earth and Sky short zone between 67.19 and 70.84 with resistance areas to keep an eye on the 67.19 and 68.28 and 69.00 and 69.98 areas.

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

Possible counter long at 63.75 and 60.94 support areas.

Notes:

Keep an eye on the 200 and 55 EMAs in the zone to give resistance this week.

Weekend notes:

Price gave the correction we wanted….found resistance in our short zone at the 67.00 level and dropped back over 200 pips again.

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8) Dollar JPY on the DAILY chart:

Notes:

The direction indicator shows mixed on the 4 hour BUT short on the daily chart. Last we looked at the top area at 111.04 and 112.00 levels to short from that worked perfectly….so this will stay key resistance areas for me this week to look for shorts from again.

Weekend notes:

Price didn’t give us the correction to our short zone area this week……this area we have between 111.00 and 112.50 area.

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9) Dollar CAD on the DAILY chart

Direction Indicator: Main direction is still long…however last week we closed lower than the opening and we closed min 380 pips lower than the opening – so we can’t fib the 4 hour chart and have to fib the daily for a long zone.

Currently, I have an Earth and Sky long zone between 1.3930 and 1.3561 with support areas to keep an eye on the 1.3930 and 1.3756 and 1.3600 and 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 1.4383 and 1.4667 and 1.4791 resistance areas.

Notes:

Be careful with the Loonie.

Weekend notes:

Price didn’t give us the correction we wanted to our long zone with the first support area at 1.3930 area so no trade set up here.

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10) Dollar CHF on the 4 hour chart:

Direction Indicator: Short on the 4 hour and short on the daily chart….we can fib the 4 hour for the short zone as we closed min 333 pips lower last week than the opening.

Currently, I have an Earth and Sky short zone between 0.9701 and 0.9801 with resistance  areas to keep an eye on the 38.2 fib at 0.9654 and 0.9700 and 0.9748 and 0.9792 areas.

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

Possible counter longs at 0.9500 and 0.9400 and 0.9371 support areas.

Notes:

If we make new lower lows follow price with your fib to get the adjusted short zone for the week.

Weekend notes:

Price gave my short zone the middle finger as it broke bullish taking all resistance out in my short zone at 0.9678 area…..breaking our short zone to the upside…..currently we back at the daily 200 EMA at 0.9788 area where it looks like it wants to give resistance again.

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Regards

Pierre

Earth & Sky Trading System Results