Good morning everyone

Here is a mid week update for you.

We had a couple of counter trades that triggered already this week

1) Euro/JPY from the WR1 pivot at 130.85 currently 100 pips up ( I warned you since Monday to look out for this one)

2) GBP/JPY from the WR1 pivot at 147.72 currently 200 pips up but this was one naughty boy as we dropped right past the long zone.

3) Aussie/JPY from the WR1 pivot at 87.22 currently 40 odd pips up but getting close now to support.

AND

an Earth and Sky short set up on the USD/CHF from the mother in law and WR1 pivot at 0.9688  in our zone that is currently 50 odd pips up.

PLUS

we hitting Earth and Sky zones now on the GBP/Dollar…..USD/JPY USD/CAD so keep an eye on them too.

SO NOT TO BAD….Remember these levels were called before price got to them and were the areas where we wanted to do business.

AS THEY SAY – PLAN THE TRADE AND TRADE THE PLAN !!!

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WEBINAR:

This will be the last week we join Fotis and his students for live training. Next week we will start FMP’s on a TUESDAY, straight after my  E & S post so that we can all show you in more detail what we are looking to trade and why.

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Let`s have a look:

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1) Euro Dollar on the DAILY chart:

We made a new high without the pullback so we had to follow it with the fib to get the adjusted zone.

Currently I have an Earth and Sky long zone between 1.1305 and 1.1211 with areas to keep an eye on 1.1335 and 1.3000 and 1.1254 and 1.1211 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.1500 and 1.1549 levels.

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

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2) Euro JPY on the 4 hour chart:

We made a new high without the pullback so we had to follow it with the fib to get the adjusted zone.

Currently I have an Earth and Sky long zone between 129.43 and 128.71 with areas to keep an eye on at 129.43 and 129.00 and 128.63 support areas where after I will re look to long this pair again.

* Possible counter shorts on THE DAILY CHART as we hitting the weekly and monthly 200 EMA`S plus MR1 pivot at 130.45 and 130.63 levels.*

Short triggered from the WR1 pivot at 130.85 and currently 100 odd pips up.

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

Mid Week Update - Earth and Sky

Mid Week Update – Earth and Sky

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3) Euro GBP on the 4 hour chart :

We made a new high without the pullback so we had to follow it with the fib to get the adjusted zone.

Currently I have an Earth and Sky long zone between 0.8852 and 0.8804 with areas to keep an eye on at 0.8852 and 0.8832 and 0.8821 support areas where after I will re look to long this pair again.

Possible counter shorts at 0.8861 and 0.8886 levels.

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

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4) GBP Dollar on the DAILY chart:

MAIN TREND IS STILL LONG….however – last week we closed min 23 pips lower than the opening so we can’t fib the 4 hour chart for a long zone but have to fib the daily chart for the long zone.

Currently I have an Earth and Sky long zone between 1.2811 and 1.2702 with areas to keep an eye on at 1.2854/34 and 1.2772 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.3029 levels.

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

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5) GBP JPY on the 4 hour chart:

Possible counter shorts at 147.72 and 148.52 levels.

This short triggered and we tumbled 250 pips right past the Earth and Sky long zone.

I will keep an eye on the WS2 pivot at 145.00 for possible support but I think we might go visit the 200 EMA at 144.00 where we also have a 55 EMA waiting to give support so maybe this will be an better area to look for longs.

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6) Aussie Dollar on the DAILY chart:

Last week we closed min 79 pips lower than the opening but the main trend is up. That is why I had to fib the daily chart for the long zone.

Currently I have an Earth and Sky long zone between 0.7542 and 0.7456 with areas to keep an eye on at the 38.2 fib at 0.7583 and 0.7570 and 0.7558 and 0.7534 support areas where after I will re look to long this pair again.

Possible counter shorts at 0.7679 and 0.7715 levels

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

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7) Aussie JPY on the 4 hour chart:

We made a new high without the pullback so we had to follow it with the fib to get the adjusted zone.

Currently I have an Earth and Sky long zone between 86.47 and 86.07 with areas to keep an eye on at 86.44 and 86.30 and 85.90 support areas where after I will re look to long this pair again.

Possible counter shorts at 87.00 and 87.22 levels

This short triggered and we currently 40 odd pips up.

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

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8) Dollar JPY on the 4 hour chart:

We made a new high without the pullback so we had to follow it with the fib to get the adjusted zone.

Currently I have an Earth and Sky long zone between 113.38 and 112.78 with areas to keep an eye on at 113.39 and 113.25 and 113.00 support areas where after I will re look to long this pair again.

Possible counter shorts at 114.50 and 114.78 levels

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

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9) Dollar CAD on the 4 hour chart:

Currently I have an Earth and Sky short zone between 1.2937 and 1.2976 with areas to keep an eye on at 1.2918 and 1.2937 and 1.2956 and 1.2977 resistance areas where after I will look to short this pair.

Possible counter longs at 1.2821 and 1.2762 area.

*If we make new lows here follow price with your fib to get the adjusted trading zone for the week*

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10) Dollar Index on the Daily chart :

MAIN TREND IS STILL SHORT……however, last week we closed plus 37 pips higher than the opening. so we were trending up – now we need to fib the daily chart to get an short Earth and Sky zone.

Currently I have an Earth and Sky short zone between 96.64 and 97.24 with areas to keep an eye on at the 96.28 and 96.64 and 96.86 and 97.13 resistance areas where after I will re look to short this index again.

Possible counter longs at 95.43 and 94.72

*If we make new lows here follow price with your fib to get the adjusted trading zone for the week*

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11) Dollar/CHF on the DAILY chart:

MAIN TREND IS STILL SHORT….however – last week we closed plus 49 pip higher than the opening so we can’t fib the 4 hour chart for a short zone but have to fib the daily chart for the Earth and Sky short zone.

Currently I have an Earth and Sky short zone between 0.9661 and 0.9716 with areas to keep an eye on 0.9689 and 0.9696 and 0.9714 resistance areas where after I will re look to short this pair again.

Possible counter longs at 0.9493 and 0.9411 levels.

Yesterday price touched the 4 HOUR 200 EMA and WR1 pivot at 0.9688 and gave us the short…currently 50 odd pips up.

*If we make new lows here follow price with your fib to get the adjusted trading zone for the week.*

Mid Week Update - Earth and Sky

Mid Week Update – Earth and Sky

Mid Week Update - Earth and Sky

Mid Week Update – Earth and Sky

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Happy piping !!!

Pierre

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