Hi everyone.

Last week we only had a couple of pairs to keep an eye on…..this week we have loads !!!

Yes loads…..I think we have 11 pairs with Earth and Sky trading zones to keep an eye on.

So lets get straight into it and have a look…….

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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/Dollar on the 4 hour chart:

The direction indicator is SHORT on the 4 hour BUT LONG on the daily chart and we closed min 160 pips lower than last week`s opening so we DID NOT meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone…..HOWEVER we had a nice drop since Monday so I will give it a go and fib the 4 hour chart for a short zone.       

Currently I have a short zone between 1.1979 and 1.2045 with areas to keep an eye on at 1.1979 and 1.2010 and 1.2045 areas again for possible shorts.

Target: 1.1845 and 1.1831 areas.

Counter longs from the WS1 pivot at 1.1831 areas.

Target: 1.1972

Notes:

Big support coming up at the WS1 pivot and 200 EMA at 1.1823 area so possible longs can set up as the main trend is still long.

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2) Euro/Aussie on the 4 hour chart:

The direction indicator is short on the 4 hour AND THE daily chart and we closed min  140 pips lower 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 short zone between 1.5534 and 1.5597 with areas to keep an eye on at 1.5534 and 1.5564 and 1.5604 areas again for possible shorts.

Target: 1.5390 and 1.5274

Counter longs from the WS1 pivot at 1.5390 and the WR2 pivot at 1.5274 areas.

Target: 1.5526

Notes:

If we break the short zone to the upside for some reason then I will re look at the plan B zone at last weeks high at 1.5659 area and the daily 55 EMA at 1.5714.

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3) Euro/GBP on the 4 hour chart:

The direction indicator is short on the 4 hour AND THE daily chart and we closed min  52 pips lower 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 short zone between 0.8617 and 0.8643 with areas to keep an eye on at 0.8617 and 0.8629 and 0.8643 areas again for possible shorts.

Target: 0.8581 and 0.8552

Counter longs from the 0.8567 level and the WS2 pivot at 0.8552 areas.

Target: 0.8617

Notes:

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

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4) GBP/NZD the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 74 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 1.9269 and 1.9172 with areas to keep an eye on at 1.9269 and 1.9223  areas again for possible longs.

Target: 1.9456

Counter shorts from the WR1 pivot at 1.9456 areas.

Target: 1.9266 area.

Notes:

If we break the long zone for some reason to the downside then I will relook at the plan B area at 1.9152 and 1.9133 for support where after I will go long again.

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5) GBP/JPY on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 158 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 149.42 and 148.77 with areas to keep an eye on at 149.42 and 149.14 areas again for possible longs.

Target: 151.00 area.

Counter shorts from the WR1 pivot at 151.00 areas.

Target: 149.56 and 149.14 areas.

Notes:

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

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6) Aussie/CAD on the 4 hour chart:

The direction indicator is SHORT on the 4 hour BUT LONG on the daily chart and we closed min 96 pips lower than last week`s opening so we DID NOT meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone…..HOWEVER we had a nice drop since Monday so I will give it a go and fib the 4 hour chart for a short zone.       

Currently I have a short zone between 0.9796 and 0.9846 with areas to keep an eye on at 0.9796 and 0.9820 and 0.9846 areas again for possible shorts.

Target: 0.9694 and 0.9647 levels

Counter longs from the WS1 pivot at 0.9647 areas.

Target: 0.9773 and 0.9796 areas.

Notes:

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

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7) Aussie/NZD on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 81 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 1.0706 and 1.0673 with areas to keep an eye on at 1.0706 and 1.0683 areas again for possible longs.

Target: 1.0783 levels.

Counter shorts from WR1 pivot at 1.0783 areas.

Target: 1.0712 area.

Notes:

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

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8) NZD/CAD on the 4 hour chart:

The direction indicator is SHORT on the 4 hour BUT LONG on the daily chart and we closed min 152 pips lower than last week`s opening so we DID NOT meet ALL of the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone…..HOWEVER we had a nice drop since Monday so I will give it a go and fib the 4 hour chart for a short zone.       

Currently I have a short zone between 0.9135 and 0.9195 with areas to keep an eye on at 0.9135 and 0.9150 and 0.9164 areas again for possible shorts.

Target: 0.9118 and 0.9135 areas.

Counter longs from the WS1 pivot at 0.8980 and the 200 EMA at 0.8949 area

Target: 0.9118 and 0.9135

Notes:

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

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9) USD/CHF on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 242 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 0.9214 and 0.9142 with areas to keep an eye on at 0.9214 and 0.9180 and 0.9142 areas again for possible longs.

Target: 0.9360 and 0.9396 levels.

Counter shorts from the WR1 pivot at 0.9396 areas.

Target: 0.9233 and 0.9177 levels

Notes:

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

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 10) USD/JPY on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 191 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 107.65 and 107.01 with areas to keep an eye on at 107.65 and 107.35 and 107.00 areas again for possible longs.

Target: 107.65 and 107.35 levels.

Counter shorts from the WR1 pivot at 109.23 areas.

Target: 107.80 and 107.35 levels

Notes:

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

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 11) CAD/JPY on the 4 hour chart:

The direction indicator is long the 4 hour AND THE daily chart and we closed plus 205 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 84.83 and 84.21 with areas to keep an eye on at 84.83 and 84.54 and 84.21 areas again for possible longs.

Target: 86.37 level.

Counter shorts from the WR1 pivot at 86.37 areas.

Target: 84.95 levels

Notes:

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

Happy trading….

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

Pierre