Good morning everyone.

I hope you all well and healthy and ready to trade with us this week.

Take note of my time frames this week as we had to fib a couple of daily charts this morning to get the weekly trading zones plus we also have a couple thats stuck in triangles so be careful.

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TRY to get to the live training sessions, we are able to explain our plans in much greater detail and those who can attend have a better chance of having a profitable week. If you can’t make it then make sure to check out the recording and the notes. As ever some of the trades that we showed in the last session fired and gave pips once more so don’t miss out!

Please register for this week’s Forex Mentor Pro Live Training on Tuesday, 13th March 2018 at 11:00 AM GMT (London Time) at:

https://attendee.gotowebinar.com/register/7305520682094778371

Live training session with Marc Walton. Pierre du Plessis & Judith Waker. The team will assess fundamentals, M2 Earth & Sky & the trigger system for potential trades. Followed by a Q & A session

After registering, you will receive a confirmation email containing information about joining the webinar.

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Let`s have a look at the Monday morning analysis. 

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1) Euro Index on the DAILY chart:

Last week we only closed plus 21 pips higher than to opening so to flat for me to fib the 4 hour…..will fib the daily chart for the long zone this week.

Currently I have an Earth and Sky long zone between 108.64 and 108.16 with areas to keep an eye on the 108.58 and 108.48 and 108.37 support areas where after I will re look to long this pair again.

Possible counter shorts at 109.51 and 109.60 resistance areas.

Notes:

Last support line for me in the sand will be the monthly main pivot at 108.37  

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2) Euro Dollar on the DAILY chart:

Last week we only closed min 10 pips lower than to opening but the main trend is still long ….so we have to fib the daily chart to get a long zone for the week.

Currently I have an Earth and Sky long zone between 1.2352 and 1.2251 with areas to keep an eye on the 1.2298 and 1.2257 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.2413 and 1.2518 and 1.2555 resistance areas.

Notes:

The long bias is still in place while the 55 EMA at 1.2257 holds as support.

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3) Euro JPY on the 4 hour chart:

Notes:

Leaving alone for now as it looks like we might be trapped in a triangle on this one.

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4) Euro GBP on the DAILY chart :

Last week we closed min 45 pips lower than to opening but the main trend is still long…….so we have to fib the daily chart to get a long zone for the week.

Currently I have an Earth and Sky long zone between 0.8841 and 0.8778 with areas to keep an eye on the 0.8871 (38.2 fib) and 0.8841 support areas where after I will re look to long this pair again.

Possible counter shorts at 0.8949 and 0.8969 areas.

Notes:

While the 200 EMA holds at 0.8840 my bias will be to look for long set ups on this pair.

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 5) GBP Dollar on the DAILY chart:

Notes:

Leaving alone for now as it looks like we might be trapped in a triangle on this one.

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6) GBP JPY on the DAILY chart:

Last week we closed plus 250 pips higher than to opening but the main trend is still short…. so we have to fib the daily chart to get a sort zone for the week.

Currently I have an Earth and Sky short zone between 150.81 and 153.71 with areas to keep an eye on the 38.2 fib at 149.43 and 149.96 and 150.81 resistance areas where after I will re look to short this pair again.

Possible counter longs  145.95 and 144.99 support areas.

Notes:

Last line in the sand for me as resistance this week will be at the 55 EMA at 149.82

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7) Aussie Dollar on the 4 hour chart:

Currently I have an Earth and Sky long zone between 0.7801 and 0.7764 with areas to keep an eye on the 38.2 fib at 0.7819 and 0.7782 support areas where after I will re look to long  this pair again.

Possible counter shorts at 0.7910 restance areas.

Notes:

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

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8) Aussie JPY on the DAILY chart:

Last week we closed plus 74 pips higher than to opening but the main trend is still short….. so we have to fib the daily chart to get a short zone for the week.

Currently I have an Earth and Sky short zone between 84.76 and 86.44 with areas to keep an eye on the 38.2 fib at 83.96 and 84.54 and 84.94 and 85.92 resistance areas where after I will re look to short this pair again.

Possible counter longs at 82.31 and 81.39 support levels.

Notes:

Last line in the sand for me as resistance will be at the daily 200 EMA at 85.92.

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9) Dollar JPY on the DAILY chart:

Last week we closed plus 130 pips higher  than to opening but the main trend is still short… so we have to fib the daily chart to get a short zone for the week.

Currently I have an Earth and Sky short zone between 107.87 and 109.17 with areas to keep an eye on the 38.2 fib at 107.25 and 107.87 and 108.30 resistance areas where after I will re look to short this pair again.

Possible counter longs at 105.81 and 105.25 support areas.

Notes:

Wait for price to come to you.

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10) Dollar CAD on the DAILY chart:

Last week we closed min 74 pips lower than to opening but the main trend is still long…… so we have to fib the daily chart to get a long zone for the week.

Currently I have an Earth and Sky long zone between 1.2626 and 1.2438 with areas to keep an eye on the 38.2 fib at 1.2714 and 1.2626 support areas where after I will re look to long this pair again.

Possible counter shorts at 1.3000 resistance areas.

Notes:

Wait for price to come to you.

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11) Dollar SGD on the DAILY chart:

Notes:

Leaving alone now as we stuck in a triangle for now. We need to wait for a breakout.

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12) Dollar Index on DAILY chart:

Last week we closed plus 13 pips higher than to opening but the main trend is still short so we have to fib the daily chart to get a sort  zone for the week.

Currently I have an Earth and Sky short zone between 89.62 and 98.31 with areas to keep an eye on the 90.09 and 90.37 resitance areas where after I will re look to short this pair again.

Possible counter longs at 89.54 and 88.25 areas.

Notes:

If price breaks the 55 EMA at 90.38 to the upside for some reason then I will re look for shorts from last months high at 91.00 and the MR1 pivot at 91.51 again.

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Regards

Pierre

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