Hi

For the last couple of weeks I have looked only at the 4 hour chart to line up for possible trading zones…..o boy o boy is that starting to pay of here…….the pairs that I flagged this week made plenty of pips…….lets catch up

Here is my analysis on Monday evening followed by some catch up notes……

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1) Euro/Dollar on the 4 hour chart:

Direction Indicator: The direction indicator is long on the 4 hour and the daily chart and we closed plus 132 pips higher than last week`s opening so we did meet all the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.

Currently, I have an Earth and Sky long zone between 1.1774 and 1.1707 with support areas to keep an eye on the 1.1742 and 1.1707 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 1.1908 resistance areas.

Notes:

Plan B area for me at last week’s low and WS1 pivot at 1.1639 area if price breaks the 55 EMA to the downside.

CATCH UP:

Price found support at the 55 EMA and 1.1700 level in the long zone this week and went bullish reaching the profit take area at the WR1 pivot and last week’s high at 1.1908 giving us a 190 odd pip run.

Currently making a possible double top – MACD giving divergence so possible correction coming up.

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2) Euro/CAD on the 4 hour chart:

Direction Indicator: The direction indicator is long on the 4 hour and the daily chart and we closed plus 166 pips higher than last week`s opening so we did meet all the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.

Currently, I have an Earth and Sky long zone between 1.5798 and 1.5707 with support areas to keep an eye on the 1.5755 and 1.5707 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 1.5971 areas.

Notes:

Plan B area for me at last week’s low and WS1 pivot at 1.5609 area if price breaks the 55 EMA to the downside.

CATCH UP:

Price dropped back into the long zone and found support at the 55 EMA and 1.5700 but no volume momentum behind it to drive it back up to the double top area and the WR1 pivot at 1.5971

Currently going no where

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3) GBP/USD on the 4 hour chart:

Direction Indicator: The direction indicator is long on the 4 hour and the daily chart and we closed plus 305 pips higher than last week`s opening so we did meet all the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.

Currently, I have an Earth and Sky longzone between 1.2969 and 1.2869 with support areas to keep an eye on the 1.2969 and 1.2921 and 1.2869 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 1.3170 and 1.3245 areas.

Notes:

Plan B area for me at last week’s low at 1.2769 followed by the loads of EMAs between 1.2688 and 1.2617

CATCH UP:

Price dropped back and got within a couple of pips of the 50% fib at 1.2974 before it went bullish again…….price reached last week’s high and main profit take area giving us 170 odd pips.

Currently making a possible double top – MACD giving divergence so possible correction coming up

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4) GBP/CAD on the 4 hour chart:

Direction Indicator: The direction indicator is long on the 4 hour and the daily chart and we closed plus 388 pips higher than last week`s opening so we did meet all the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.

Currently, I have an Earth and Sky longzone between 1.7406 and 1.7271 with support areas to keep an eye on the 1.7406 and 1.7342 and 1.7271 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 1.7674 and 1.7767 areas.

Notes:

Plan B area for me at last week’s low at 1.7132 and the loads of EMA`s area if price breaks the 75 % fib and WS1 pivot to the downside.

CATCH UP:

Price dropped back to the long zone and found support at the 50% fib and 55 EMA at 1.7400 where after it went bullish….however not enough momentum/volume currently and we losing steam only 113 pips from entry area…….be careful as we might not get to the main profit take at 1.7674 area again.

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5) Aussie/JPY on the 4 hour chart:

Direction Indicator: The direction indicator is long on the 4 hour and the daily chart and we closed plus 56 pips higher than last week`s opening so we did meet all the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.

Currently, I have an Earth and Sky longzone between 75.37 and 75.09 with support areas to keep an eye on the 75.37 and 75.24 and 75.09 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 75.92 and 76.00 areas.

Notes:

Plan B area for me at last week’s low at 74.88 and the 200 EMA at 74.64 area.

CATCH UP:

Price found the support in the long zone and jumped bullish reaching the profit take area at last week’s high giving 70 odd pips – even broke the resistance to the upside too….possible resistance coming up now at the WR2 pivot at 76.55 area.

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6) Dollar/CHF on the 4 hour chart:

Direction Indicator: The direction indicator is short on the 4 hour and the daily chart and we closed min 70 pips lower than last week`s opening so we did meet all the requirements to fib the 4 hour chart for this week’s Earth and Sky trading zone.

Currently, I have an Earth and Sky short zone between 0.9187 and 0.9143 with resistance areas to keep an eye on the 0.9187 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 0.9052 areas.

Notes:

Plan B area for me at last week’s high and WR1 pivot at 0.9230 area.

CATCH UP:

Price broke the long zone to the upside this week….however the main trend was still short……so it found resistance at last week’s high and WR1 pivot at 0.9226 where after it dropped like a stone back to the low of last week where we had the main profit take area giving us 170 odd pips

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Wild Horses to keep an eye on……(not earth and sky zones but resistance or support areas)

1) USD/JPYhave a resistance area between 106.60 and 107.00 where we have EMA`s and a WR1 pivot – so possible shorts can set up

CATCH UP:

Price didnt get to the resistance area we wanted.

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2)NZD/CADhave a support area between 0.8845 and 0.8828 where we have EMA`s and the WS1 pivot – so possible longs can set up

CATCH UP :

Price broke the support area we had at the 200 EMA and WS1 pivot – bad boy.

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3) GBP/NZDhave a resistance area between 1.9783 and 1.9940 where we have a 200 EMA`s and a WR1 pivot – so possible shorts can set up

CATCH UP:

Price hit the 200 EMA at and found resistance but currently going side ways.

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4) Euro/Aussiehave a resistance area between 1.6537 and 1.6572 where we have a 200 EMA`s and a WR1 pivot – so possible shorts can set up

CATCH UP:

Price found the resistance early this week at the 200 EMA at 1.6534 area and dropped back to the 4 hour 200 EMA where its currently finding support….giving us over a 100 pips

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Regards

Pierre