As clockwork Pierre provided his Tuesday outlook for his extremely successful Earth and Sky Forex Trading System. Each week he advises students what to look for, key levels, why and what to expect from the market. Below is a snippet of this weeks analysis.

…………………………………………………………………………………..

1) Euro Index on the 4 hour chart :

Currently I have an Earth and Sky short zone between 106.27 and 106.59 with areas to keep an eye on the 106.17 and 106.27 and 106.35 and 106.55 resistance areas where after I will re look to short  this index again.

Possible counter longs 105.64 and 105.24 support areas.

Notes:

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

……………………………………………………………….

2) Euro Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone between with 1.1543 and 1.1583 with areas to keep an eye on the 1.1531 and 1.1561 resistance areas where after I will re look to short this pair again.

Possible counter longs at 1.1453 and 1.1379 support areas.

Notes:

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

If price for some reason do break the 55 EMA at 1.1561 to the upside…..then I will re look at resistance at the WR1 pivot and 4 hour 200 EMA at 1.1614 area.

……………………………………………………………….

3) Euro JPY on the DAILY chart:

*The direction Indi is MIXED ON THE 4 HOUR AND LONG ON THE DAILY CHART….Main trend is still down so I will fib the daily chart for the short zone*  

Currently I have an Earth and Sky long zone between 130.50 and 129.19 with areas to keep an eye on the 130.00 support areas where after I will re look to long this pair again.

Possible counter shorts at 133.12 and 134.16 resistance areas.

Notes:

While the 130.00 level holds my bias is to look for longs.

If it breaks to the downside…….then I will sit on my hands and see if we will get to last month’s low at 127.89 where I will re look for support to go long from again.

……………………………………………………………….

4) Euro GBP on the 4 hour chart :

Currently I have an Earth and Sky short zone between 0.8845 and 0.8882 with areas to keep an eye on the 0.8828 and 0.8850 and 0.8865 resistance areas where after I will re look to short this pair again.

Possible counter longs at 0.8732 and 0.8684 support areas.

Notes:

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

……………………………………………………………….

5) GBP Dollar on the DAILY chart:

Notes:

Sitting on my hands a little. This one burned big time at the 200 EMA at 1.3245/97 at least 15 days ago and dropped like a stone.

Last week we broke a big support level at 1.3042 to the downside…..but later in the week broke it to the upside again so this level at 1.3042 can’t be trusted…..

Best plan in my book is to re look for that resistance at 1.3245/97 areas to short from again.

……………………………………………………………….

6) GBP JPY on the 4 hour chart:

Yesterdays notes:

Currently I have an Earth and Sky long zone between 148.35 and 147.77 with areas to keep an eye on the 148.45 and 148.25 support areas where after I will re look to long this pair again.

Possible counter shorts at 150.05 and 150.85 resistance areas.

Notes:

While the 55 EMA at 148.25 holds as support my bias will be to look for longs in the zone…….however if price breaks to the downside be careful as we can drop to 147.18 and even lower to 146.77/65/37 areas where we have loads of EMA`S where I will re look to long from.

This morning’s notes:

Yesterday price dropped like a stone and we broke the earth and sky long zone to the downside. Price pulled back now and we are at the 55 EMA again……..don’t have a feel for it at the moment so will sit on my hands for now.

We do have 2 x 200 EMA`S waiting at 146.78/72 areas plus the WS2 pivot and a daily 55 EMA at 146.41 that looks like a plan B support area to look for long again.

……………………………………………………………..

7) Aussie Dollar on the 4 hour chart:

Currently I have an Earth and Sky short zone between 0.7141 and 0.7189 with areas to keep an eye on the 0.7118 (38.2 fib area) and 0.7134 and 0.7141 and 0.7181 resistance areas where after I will relook to short this pair again.

Possible counter longs at 0.6986 and 0.6917 support areas.

Notes:

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

………………………………………………………………

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