This is Pierre’s regular Friday round up of what trades played out this week, winners & losers.

On the subject of winning & losing, he wrote this before Saturday’s rugby world cup final, where his team, South Africa, beat mine, England 🙁

I will never hear the end of it!

Good morning all

What’s up and what’s down this morning ?

Rugby is up !!!!!!!!!!!!!!!!

Whoop whoop its World Cup Rugby tomorrow and South Africa is going up against England……so we cant wait !!!!

The game starts at 11:00 am SA time so it will be 09:00 AM in London.

So bring it on Marc !!!!

SEE YOU AT THE GAME…boet 🙂

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Trading this week : 

I do apologize…..I did some work and then had a power cut here this morning so I lost it all….so I am a little late with my Friday catch up.

Marc called some trades on the the Dollar/JPY and the Euro/Aussie on Sunday and I think his Dollar/JPY area held hands with mine…..this one dropped over a 100 pips this week from the WR2 pivot at 109.09 to the 200 EMA at 108.06 area.

Dollar/JPY on the 4 hour chart :

Euro/Aussie on the 4 hour chart: 

I also called some swing trading levels on Monday/Tuesday and boy o boy did some of them  trigger…..one that stands out must be the CAD/CHF that dropped almost a 130 pips……the USD/CAD that jumped almost a 130 pips from the bottom area I mentioned….and Marc and my Euro/Aussie that found support at the levels we mentioned that jumped 80 odd pips

CAD/CHF on the 4 hour chart: 

Dollar/CAD on the 4 hour chart:

 

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So lets catch up ………………

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1) Euro Dollar on the DAILY chart:

* Main trend is still short….however last week we closed min 81 pips lower than the opening so we CAN fib the 4 hour for a short zone but we currently sitting on a big support level *

Notes:

Plan B: We have a resistance area between the MR2 pivot at 1.1189 and 1.1245 that can give resistance for possible shorts to set up from so keep an eye on that if you want to trade with the main trend…….possible support at the 55 and 4 hour 200 EMA at the MR1 pivot at 1.1055 where possible longs can set up from again.

Fridays notes:

Price did find the support at the monthly main pivot and some EMA`s at 1.1070 this week that gave some pips…..currently we getting very close to the 200 EMA at 1.1200 where shorts might set up from again.

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2) Euro JPY on the DAILY chart:

* Main trend is still short in my book while we stay under the 200 EMA at 121.82 ….looking at the direction Indi we can see we long on the 4 hour and mixed on the daily *

Notes:

Plan B: We have a resistance area between the 200 EMA at 121.82 and the MR2 pivot at 122.02 and 122.50 that can give resistance for possible shorts to set up from so keep an eye on that.

Fridays notes:

This one going sideways for most of the week….we didn’t get to our prefer area at the 200 EMA at 121.81 and 122.27 area where I wanted to short from.

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3) Euro GBP on the DAILY chart :

* THE DIRECTION IS SHORT ON BOTH TIME FRAMES….however last week we closed plus 19 pips higher than the opening so we can’t fib the 4 hour and have to fib the daily for the short zone *

Currently, I have an Earth and Sky short zone between 0.8862 and 0.9005 with areas to keep an eye on the 38.2 fib at 0.8794 and 0.8862 resistance areas where after I will re-look to short this pair again.

Possible counter longs at 0.8571 support areas.

Notes:

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

Will prefer a bigger correction to at least the 38.2 fib….however also keep an eye on the 0.8718 level for resistance as it is a MS1 pivot now resistance.

Fridays notes:

This one was stuck in a 45 pip range this week and didn’t give us the correction we wanted.

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4) GBP Dollar on the DAILY chart:

* The main trend is long….however last week we closed min 121 pips lower than the opening so we can’t fib the 4 hour for a short zone and have to fib a daily chart *

Currently, I have an Earth and Sky long zone between 1.2485 and 1.2222 with areas to keep an eye on the 38.2 fib at 1.2609 (38.2 fib) and 1.2485 support areas where after I will re-look to long this pair again.

Possible counter shorts at 1.3000 resistance areas.

Notes:

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

Currently the 4 hour 55 EMA at 1.2804 keeping price up….will prefer a bigger correction.

Fridays notes:

Didn’t give me the correction I wanted ….the 55 EMA at 1.2825 did give support this week….but I preferred a bigger correction to the EMAs at 1.2643 area.

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5) GBP JPY on the DAILY chart:

* The main trend is long….however last week we closed min 93pips lower than the opening so we can’t fib the 4 hour for a short zone and have to fib a daily chart *

Currently, I have an Earth and Sky long zone between 134.08 and 130.38 with areas to keep an eye on the 38.2 fib at 136.77 ( 38.2 fib) and 134.00 support areas where after I will re-look to long this pair again.

Possible counter shorts at 141.50 resistance areas

Notes:

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

Currently the 4 hour 55 EMA at 138.93 keeping price up….will prefer a bigger correction.

Fridays notes:

Not going anywhere…..still stuck in the triangle

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6) Aussie Dollar on the DAILY chart:

* Main trend is still short….however last week we closed only min 24 pips lower than the opening so we can’t fib the 4 hour chart for a short zone and have to fib the daily – problem is we already at last month’s high so we can’t fib that too *

Notes:

Plan B: We have a resistance area between the MR 1 at 0.6866 and 0.6900 and the 200 EMA at 0.6950  and MR2 pivot at 0.6948 resistance area that can give resistance for possible shorts to set up from so keep an eye on that.

Fridays notes:

Price slowly working its way up to the 200 EMA at 0.6945 for possible shorts that can set up from there…..

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7) Aussie JPY on the DAILY chart:

* Main trend is still short….however last week we closed only min 6 pips lower than the opening so we can’t fib the 4 hour chart for a short zone and have to fib the daily – problem is we already at last month’s high so we can’t fib that too *

Notes:

Plan B: We have a resistance area between the MR 1 at 74.60 the 200 EMA at 75.58 resistance area that can give resistance for possible shorts to set up from so keep an eye on that. Main one for me will be at the 200 EMA.

Fridays notes:

This pair didn’t get to my preferred area at the 200 EMA at 75.55 ….we were close but no luck.

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8) Dollar JPY on the 4 hour chart:

Notes:

Looks like we ranging between the top area between 108.88 and 109.09 and a bottom area at the 55 EMA at 108.33 and 108.18 area – so possible trades can set up from here.

Fridays notes:

Price found the resistance I mentioned at the top at 109.09 and dropped like a stone this week all the way down to the 4 hour 200 MA and 55 EMA at 108.04 where its currently finding support again.

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9) Dollar CAD on the 4 hour chart

Currently, I have an Earth and Sky short zone between 1.3093 to 1.3115 with areas to keep an eye on the 1.3095 and 1.3105 and 1.3115 resistance areas where after I will re-look to short this pair again.

Possible counter longs at 1.3030 support areas.

Notes:

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

Fridays notes:

With the help of the red flag news Wednesday this one jumped our short zone we had in place….

Currently we are at a key resistance level where we have loads of EMA`s and some pivots that can give resistance at 1.3182 to 1.3200 areas. Main trend I still short in my book while 1.3200 holds as resistance

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10) Dollar CHF on the 4 hour chart:

Notes:

I don’t like the way this one doesn’t respect the EMA`s at 0.9920 area……will look for a top area at the MR1 pivot at 1.0042 to short from and possible support at the MS1 pivot at 0.9852 to long from again.

Fridays notes:

Price gave those EMA`S at 0.9913 the middle finger and once again broke it to the downside…..in the webinar I warned against this pair as it didn’t respect the EMA`S at 0.9913 for weeks.

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Have a super weekend and my the Springboks win the World Cup tomorrow !!

Regards

Pierre