Hi everyone

What a week we had last week in the USA !!

This week the question is……..Will Mr. Trump leave the White House ??

Well knowing him……it will not be without a fight.

Looking at my chart tonight then I have 9 pairs that meets my requirements for a earth and sky trading zone so lets have a look.

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Let’s have a look at WHATS COOKING IN THE FOREX KITCHEN……..

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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 231 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 between 1.1761 and 1.1681 with areas to keep an eye on 1.1761 and 1.1742 and 1.1723 areas again for possible longs.

Counter shorts from the 1.1977 areas.

Notes:

Loads of EMA`S in the long zone to keep an eye on to give support.

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2) Euro/NZD on the 4 hour chart:

Direction Indicator: The direction indicator is SHORT on the 4 hour AND THE daily chart and we closed min 80 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 between 1.7493 and 1.7577 with areas to keep an eye on 1.7493 and 1.7533 and 1.7577 areas again for possible shorts.

Counter longs from the 1.7275 areas.

Notes:

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

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3) GBP/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 226 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 1.3031 and 1.2943 with areas to keep an eye on 1.3031 and 1.2989 and 1.2943 for longs to set up from…..

Counter shorts from the 1.3263 resistance areas.

Notes:

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

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4) GBP/NZD on the 4 hour chart:

Direction Indicator: The direction indicator is SHORT on the 4 hour AND THE daily chart and we closed min 130 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 1.9412 and 1.9509 with areas to keep an eye on 1.9412 and 1.9458 and 1.9509 for shorts to set up from…..

Counter longs from the 1.9281 and 1.9155 areas.

Notes:

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

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5) Aussie/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 240 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 0.7165 and 0.7078 with areas to keep an eye on 0.7165 and 0.7124 and 0.7124 for longs to set up from…..

Counter shorts from the 0.7369 areas.

Notes:

If we make new higher highs without any correction follow price with your fib to get the adjusted long zone for the week. We have MACD divergence so possible pullback is on the cards.

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6) NZD/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 164 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 0.6721 and 0.6655 with areas to keep an eye on 0.6721 and 0.6690 and 0.6665 for longs to set up from…..

Counter shorts from the 0.6853 areas.

Notes:

If we make new higher highs without any correction follow price with your fib to get the adjusted long zone for the week. We have MACD divergence so possible pullback is on the cards.

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7) NZD/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 90 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 70.43 and 69.68 with areas to keep an eye on 70.43 and 70.08 and 70.00 for longs to set up from…..

Counter shorts from the 72.00 areas.

Notes:

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

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8) Dollar/CAD on the 4 hour chart:

Direction Indicator: The direction indicator is SHORT on the 4 hour AND THE daily chart and we closed min 256 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 1.3149 and 1.3259 with areas to keep an eye on 1.3149 and 1.3200 and 1.3222 for shorts to set up from…..

Counter longs from the 1.2928 and 1.2798 areas.

Notes:

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

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9) 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 161 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 0.9094 and 0.9151 with areas to keep an eye on 0.9121 and 0.9146/51 for shorts to set up from…..

Counter longs from the 0.8920 areas.

Notes:

We hitting the 200 and daily 55 EMA in the short zone so keep an eye on it for the resistance we want before looking to short this pair again.

At time of writing the direction indi is jumping between green and red as price moves above and under the 200 EMA at 0.9119 area…..I will give it a go for a short zone as we have the negative correlated Euro/Dollar this week on our list too for a long zone.

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Some pairs to keep an eye on at key support and resistance areas

1) Aussie/JPY hitting the WR2 pivot now at 76.85 so possible shorts can set up back to the WR1 pivot at 75.95 area again.

2) GBP/Aussie broke loads of EMA`s at 1.8180 to the downside last week so now its resistance to keep an eye on for possible shorts again.

3) Euro/Aussie broke loads of EMA`s at 1.6435 to the downside last week so now its resistance to keep an eye on for possible shorts again.

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Happy trading….

Pierre