Lets do this…..bring it on…..

by | Apr 21, 2021 | Forex Analysis

Hi everyone

Hope you well and healthy…….

Lets get straight into it and look at the potential Earth and Sky trading zones for the week………

 

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Let’s have a look at some Earth and Sky set ups to keep an eye on….

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1) Euro/USD the 4-hour chart:

The direction indicator is long the 4 hour AND MIXED on the daily chart and we closed plus 93 pips higher than last week`s opening so we DIDNT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone BUT WE HAD A BIG BULLISH RALLY TODAY so I will give the 4-hour’s ago.   

Currently, I have a long zone between 1.1959 and 1.1915 with areas to keep an eye on at 1.1959 and 1.1938 and 1.1915 areas again for possible longs.

Target: 1.2027 and 1.2073

Counter shorts from the 1.2047 and the WR2  pivot at 1.2073 areas.

Target: 1.1959 area.

Notes:

If we make new higher highs without the correction follow the price with your fib to get the adjusted long zone for the week.

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2) GBP/USD the 4-hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 138 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.   

Currently, I have a long zone between 1.3830 and 1.3749 with areas to keep an eye on at 1.3830 and 1.3792 and 1.3783 areas again for possible longs.

Target: 1.3897 and 1.3955 areas.

Counter shorts from the 1.40000 and 1.4069 areas.

Target: 1.3897 and 1.3830 area.

Notes:

If we make new higher highs without the correction follow price with your fib to get the adjusted long zone for the week.

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3) Aussie/USD on the 4-hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 123 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.   

Currently, I have a long zone between 0.7684 and 0.7635 with areas to keep an eye on at 0.7683 areas again for possible longs.

Target: 0.7800 levels

Counter shorts from the WR1 pivot at 0.7803 areas.

Target: 0.7694 areas.

Notes:

If we make new higher highs without the correction follow the price with your fib to get the adjusted long zone for the week.

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4) Aussie/JPY on the 4-hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 60 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.   

Currently, I have a long zone between 83.72 and 83.37 with areas to keep an eye on at 83.72 and 83.56 and 83.50 areas again for possible longs.

Target: 84.41 and 84.70 levels.

Counter shorts from WR1 pivot at 84.70 areas.

Target: 83.87 area.

Notes:

If we break the 75% fib at 83.37 be careful as we can then drop to the 83.00 level where I will re-look for support to go long again…..

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5) NZD/JPY on the 4-hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 70 pips higher than last week`s opening so we did meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone.   

Currently, I have a long zone between 77.39 and 77.00 with areas to keep an eye on at 77.39 and 77.24 areas again for possible longs.

Target: 78.12 and 78.35 levels.

Counter shorts from WR1 pivot at 78.35 areas.

Target: 77.50 area.

Notes:

Wait for price to find solid support at the 55 EMA or 200 EMA in the long zone before taking a long.

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6) USD/SGD on the 4-hour chart:

The direction indicator is short on the 4 hours AND MIXED on the daily chart and we closed min 59 pips lower than last week`s opening so we DIDNT meet ALL of the requirements to fib the 4-hour chart for this week’s Earth and Sky trading zone BUT WE HAD A BIG DROP this morning and the chart looks clean – so I will give the 4-hour ago.   

Currently, I have a short zone between 1.3369 and 1.3403 with areas to keep an eye on at 1.3369 and 1.3385 and 1.3403 areas again for possible shorts.

Target: 1.3303 levels.

Counter longs from the WS1 pivot at 1.3303 areas.

Target: 1.3345 and 1.3370 levels

Notes:

If we make new lower lows without the correction then follow price with your fib to get the adjusted short zone for the week ahead.

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Happy trading….

Look out for some catch-up post this week in the forum.

Pierre

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

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